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Reply to "Is buying a house in your kids college town a wise investment?"
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[quote=Anonymous]In response to 15:09 - Even if just the first ends up going there, I still think it might be worth it. Having said that, our four kids are being raised to understand that we have financial limitations and that they cannot merely select the college of their choice and expect us to magically foot the bill. $50k a year for room and board simply isn't an option. And since we happen to have an excellent state university that is quite reasonably priced, we expect our kids to go there unless they get a full ride or very close to it elsewhere. DH and I will not go into debt to finance $35-50k a year just to placate our children. (And I realize I'm coming off judgmental here, and that's because I know tons of parents who are shelling out $50k a year for kids who turned down full rides at state universities....so they could go to schools like Syracuse (and it boggles my mind that the parents allowed this)). [/quote]
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