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Sonoma State University Students - Where will you live?


Sonoma State University is a 4 year college located a mere 3 miles from my office. I get calls all year round from college students and their parents asking if I know of any rentals available in the area.
Lately, though, many out-of-area parents are opting to buy a condo or home for several reasons:
1) it provides a stable place for their child to live for the duration of their studies2) on-campus housing is extremely expensive and temporary3) home values are at 50% (or less) than they were in 20054) it's an investment opportunity that can thrive beyond college years
Rentals haven't grown on trees here for over a decade. There has been relatively no new construction in this area due to the downturn in the market. Supply and demand has driven rental prices to a point where the only way to get by is to have several students pool their resources together for a place to live.
So why not buy a home or condo in the neighborhood of your choice and rent the spare rooms to mutually compatible students? That seems to be working well for many parents who have the means to do so. Rooms ... more

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