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Article: An educated guest; Praents purchase homes for kids at college to save on costly campus housing.(SUNDAY READ)(COVER STORY)(Column)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 8, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tim Devaney, THE WASHINGTON TIMES
Ashley Jordan has lived with her college roommate for most of her life, so not much changed when she moved into a College Park condo with her brother Kyle last fall - except their housing costs got a whole lot cheaper.
Miss Jordan's parents bought a $185,000 condo where the siblings could live while they attend the University of Maryland. They decided it was the financially smart thing to do.
In today's economy, it literally costs less to buy this condo than put them on campus, said their father, Troy. We save money now. We potentially make money later. They're in a better environment. There's all ...