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Reply to "Is buying a house in your kids college town a wise investment?"
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[quote=Anonymous]It took my parents 12 years after my sister graduted to sell a condo that they had bought for her in Clemson SC, but it was never vacant during that time, and the management company handled everything, so it was purely a financial investment for them (unlike rental property we've owned that we managed). They made a few grand in appreciation, plus the equity. Of course, a house would likey sell quicker, but involve more work, and I would be nervous about renting to students.[/quote]
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