Real Estate Trends

California College Students Trade Dorms for Mansions

Trade dorms for mansionsNBC’s George Lewis and Lester Holt recently reported on a developing housing trend for college students. There is a shortage of affordable dorm space on some California campuses while at the same time there is a glut of foreclosed and available “mc-mansions” near California universities. Newer homes with four to six bedrooms have become the new domicile of choice for small groups of house mates. By splitting the rent they greatly improve the quality and square footage of space and amenities they can get for the money.

What do you think of the trend?

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