On Mon, Sep 5, 2011 at 4:37 PM, shag carpet bomb <shag at cleandraws.com>wrote:
> i'll bet the RE boom contributed to the increased demand for this sort
> of thing.
>
> During the RE boom, it became fairly normal to send your kid to even a
> crap school like USF Tampa and buy a house or condo for her. You buy
> the house, she has cheap place to live and gets two roommates. You get
> most of your money out of the rent from the roommates, the rest you
> don't get back you would have spent on the kid's living expenses
> anyway (probably getting much more for less than had you put her up in
> dorm housing). At the end of 4-5 years, you sell for a bunch more
> money at inflated RE prices during the boom. If they were buying
> condos which, in urban areas, tend to come with gyms, pools, theatres,
> entertainment complexes, clubs, etc., then people's expectations of
> what the "college experience" could be moved far beyond concrete block
> dormitories awhile ago, and for the "average" student - not just for
> the well-to-do.
>
> Around here, this remains totally normal for doctors in training at
> EVMS. They buy a house or condo, get roommates, sell when they're done
> with school. Demand has usually stayed up due to continual raft of med
> students + military. Now that it's harder to do this and expect a
> return, I can see how people are expecting lifestyle to match up to
> what their predecessors had, especially if their parents had bought
> some condo replete with condo community, gym, tennis, pool, etc.
>
>
> > Pools, weight rooms, hi def TV, granite countertops....
> >
> >
> http://www.latimes.com/business/la-fi-luxury-student-housing-20110904,0,737126.story
> >
> > Joanna
> > ___________________________________
> > http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
> >
>
>
> --
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> ('coz there's 5 million ways to kill a CEO)
>
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