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Reply to "Is buying a house in your kids college town a wise investment?"
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[quote=Anonymous]Hi, 15:09 again here: Then given what you aid, I think you may have a much better possibility for making this work. It is that kind of discipline that makes a lot of sense. I don't think school debt to placate kids is a good idea either. That said, i would still weigh the decision carefully. If you have 20% you can put down, are you prepared to that that money tied up longer than you might want or become a distant landlord for longer than you might want? What you are talking about is still a risk, and one you don't have to take. I would weigh it in turns of other options, e.g., what would that money make if it were in stocks instead? And would it really save you money over the kids renting another place or paying for the dorms?[/quote]
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