Quota Additions at Super Competitive Schools

[LadyLonghorn]

Originally Posted by aggieAXO

That is what my mom did-she purchased a townhome and my roommate paid the mortgage. I sold it for a profit once I graduated and mom got a tax break. Property was cheap in College Station-if it had been Austin this would not have happened as property is very expensive in this town.

My folks bought my place and it worked out nicely for all of us. You probably have to plunk down more money up front in Austin than most places, but the price of real estate around campus continues to increase, so it's a good bet you'll still make money off the deal.

[aggieAXO]

Originally Posted by LadyLonghorn

My folks bought my place and it worked out nicely for all of us. You probably have to plunk down more money up front in Austin than most places, but the price of real estate around campus continues to increase, so it's a good bet you'll still make money off the deal.

When I moved to Austin in 97 I was in sticker shock, I could not believe how much more real estate cost. Yes, there was money to be made if you had enough for a down payment. I bought a condo 10 minutes from downtown and within 5 years it almost doubled in price.