Buy a second home in your college town — all the cool kids are doing it

Call it living in the past, these fans don't care

New York Weekend Edition /
Mar.March 11, 2018 12:00 PM

From left: Rod Blagojevich, diehard Chicago Cubs fan; University of North Carolina basketball player Tyler Zeller dunks during a practice. (Credit: Jason/Flickr; Official U.S. Navy Page/Flickr)

Reliving your glory days is back in style.

An increasing number of buyers are searching for second homes in markets close by to their alma mater — and they’re sparing no expense, as part of a growing trend brokers are calling the game-day market, according to the Wall Street Journal.

“Just in the last five or six years, we’ve seen people buying places that, except for game times, are vacant,” East Lansing-based agent Martha Bashore told the Journal. With Michigan State University, the die-hard fans who’re buying up game-day houses are coming to see the NCAA basketball team, The Spartans.

“Spartan spirit is just savage,” Bashore continued. “I’m working with a couple from Arizona—they want to come to as many games as they can. They are just waiting for a two-bedroom condominium to pop up in this particular building, and they’ll buy it, sight unseen.”

Some buyers even redecorate their homes with team colors or attempt to tastefully display school slogans over their front doors. The difference between them and the frat bros down the street is money — alums will lay down half a million and more in some cases to get a home to their college town — and, a few decades later, they might be a little less rowdy as neighbors. [WSJ]Erin Hudson


Related Articles

arrow_forward_ios
Ulster County, NY (iStock)
Ulster County home prices spiked 20 percent last year
Ulster County home prices spiked 20 percent last year
Ben Hakimian, founder, Hakimian Organization; 244 West 49th Street (Google Maps, KSU)
Hakimian changes Midtown hotel plans to residential
Hakimian changes Midtown hotel plans to residential
53 Downing Street (Compass)
Gut-renovated West Village townhouse tops Manhattan’s priciest contracts
Gut-renovated West Village townhouse tops Manhattan’s priciest contracts
East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
East Hampton Town officials vow affordable housing action
East Hampton Town officials vow affordable housing action
Barstool Sports founder Dave Portnoy (Getty)
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
$1B in Rent Reduction Available to Select Blackstone Tenants (Blackstone)
Blackstone to spend $1B in affordable single-family rental expansion
Blackstone to spend $1B in affordable single-family rental expansion
Keller Williams' Lauren Balbuena and Compass CEO Robert Reffkin (Keller Williams, Getty/Illustration by The Real Deal)
Keller Williams NYC’s agent count bounced back while Compass’ growth slowed
Keller Williams NYC’s agent count bounced back while Compass’ growth slowed
422 E. 84th Street (Google)
Uptown chiropractor, diamond dealer battle over $349K in rent on UES
Uptown chiropractor, diamond dealer battle over $349K in rent on UES
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...