Reading, Writing, and Real Estate

My girlfriend is one smart cookie, so it really wasn't much of a surprise when she got accepted into grad school a few weeks ago with a full scholarship. What was surprising, however, was the cost of apartments in a college town, which we found out first-hand when we went apartment-hunting last week. Let me tell you: we are both spoiled here in Cincinnati.

Of course, after watching the video below, featuring Tara-Nicholle Nelson from trulia.com, it seems quite reasonable that apartment prices are so steep.

And it's not just apartment rates that are being kept afloat. Housing prices in college towns are also insulated from the national downturn in real estate. In fact, State College, Pennsylvania, the home town of Penn State, saw 82% fewer foreclosures than the national average.

So, if you're a smart cookie like my girlfriend, you'd be wise to hold on to your home if you're living in a college town. After all, where else can you get kegs and eggs for breakfast every day?