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Some Savvy Parents Are Switching Out College Dorm Room Bills For 'Kiddie Condos'

Credit: Wochit News
Published on October 21, 2019 - Duration: 00:39s

Some Savvy Parents Are Switching Out College Dorm Room Bills For 'Kiddie Condos'

Some American parents are questioning the wisdom of dumping money into their kids' college dorm rooms. Instead, Business Insider reports they're getting a bit more creative.

They're investing in local real estate in a strategy some realtors call buying a 'kiddie condo.'

That's a home in a college town for their kids to live in.

The idea is to put the money normally spent on college expenses, like room and board and out-of-state tuition, into a property.

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Some Savvy Parents Are Switching Out College Dorm Room Bills For 'Kiddie Condos'

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