Re-think university housing

Buying is often a better option

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Sending a child off to university this year? Consider buying her a house.

That’s right, if you buy a home at the right price and your new scholar acts as the property manager and rents out the rooms to other students, you can often turn a profit when you sell the house upon her graduation.

Even if home prices don’t go up, you can usually count on housing your offspring for free for four years.

4 comments on “Re-think university housing

  1. Do you honestly think that his or her roommates being the young students they are are not going to ruin the place??? Bad advice. I hope Moneysense does a little bit better research from here on in.

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  2. Terrible idea… is it April 1st?

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  3. My family did it. 3 of the 4 of us went to the same school (from 2002-2011). My parents bought a small place, we cycled through (there was one year where all 3 of us were there). Also, we (my siblings and I) were all pretty responsible (take the trash out when needed, do your own dishes, scrub bathroom and kitchen weekly, vacuum, etc). And we only rented to family friends we knew we could trust. It was never even remotely close to being trashed. I think it's a good idea if you're smart about it.

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  4. I think it's a good idea. The problem comes in when your children want to attend different universities. I had one daughter in Ottawa, then British Columbia in year 4, with another daughter in Waterloo. If they're all in the same city at the same time or even different times, it makes sense … sometimes you can't talk "sense" into your kids.

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