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To: EVO X

Back during the real estate bubble of the 2000s, I heard of some parents who would buy real estate (houses, condos) for their kids to stay in while going to school. Their plan was to ride the appreciation up for the 4 years, then sell afterwards.

I often wondered how many got caught in the downdraft.


67 posted on 12/14/2014 4:50:19 PM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb
Back during the real estate bubble of the 2000s, I heard of some parents who would buy real estate (houses, condos) for their kids to stay in while going to school. Their plan was to ride the appreciation up for the 4 years, then sell afterwards.

That still goes on and the savvy ones are still doing it when it makes financial sense.

68 posted on 12/14/2014 5:06:55 PM PST by EVO X
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