On The Money: Campus Cribs: Better to Buy? - On the Money - Education

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Campus Cribs: Better to Buy?

Published: Thursday, 31 Jul 2008 | 3:45 PM ET

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With back-to-school season creeping up on us, parents sending their kids off to college for the first time have a relatively new question to ask themselves: with housing prices so soft in much of the country, does it make more financial sense to buy a place instead of shelling out the traditional room and board for a dorm or the rent for an off-campus apartment?

On Thursday's Power Lunch, Carmen said it all comes down to geography. Where the school is located will determine the return on the investment in a house or apartment. Watch the video to see which collegiate markets she thinks are ripe for a down payment.

USEFUL RESOURCES:

I would like to offer Rentometer as another resource to determine the best rent deals. Rentometer is a free online tool that lets users enter basic information about a rental and receive an analysis of how the price compares with their neighbors. --Kristin, MA

Posted on: 04 Aug 2008 10:57 A.M.

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Topics:Mortgages | Housing | Education | Colleges & Universities

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