One of my clients forwarded me this news story from Bankrate.com, by way of MSN Money.
And it echoes what I have written in this journal for more than a year now . . . campus housing is virtually recession proof (those are my words). The Bankrate.com story puts it slightly differently, but the message is virtually the same:
". . . If you buy right, you may be purchasing a hedge of sorts against the rocky housing markets of the present and future . . ."
"Unlike some neighborhoods, where a disproportionate number of homes that are converted into rentals may signify an impending downturn, that's generally not a worry in college neighborhoods. You are placing yourself in a community where there is a constant churn of demand every semester."
BTW, it doesn't have to be a house. It can be a multifamily building --multiple units under one roof.