Quote:
Originally Posted by vreihen16
More a note for parents of college-bound teens, but let me point out a tip that a friend who works at a college passed along to me years ago. Instead of paying for a dorm room and food plan, buy a two-bedroom condo or townhouse near the school. Put your kid in one room, and have them find a roommate to rent the other room. The rental income and money that you would have spent on dorm/food fees will more than cover the mortgage and utilities, and barring another 2008 real estate market correction the appreciation when you go to sell it at graduation might make a large dent in any outstanding student loan before the first payment is ever due.
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my dad offered to do this, and i said no because i didn't want to live off campus, away from all the fun...
could've definitely used the cash, and over time we'd have a house "for the boys" instead of scrambling to sign leases
