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
Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)
Steven Mnuchin’s $26M home finally finds a buyer
Steven Mnuchin’s $26M home finally finds a buyer
Robert Millard and 9 East 88th Street (MIT Corp, Google Maps)
Former Lehman exec lists Carnegie Hill mansion for $38M
Former Lehman exec lists Carnegie Hill mansion for $38M
April’s occupancy levels climbed to 61.6 percent, above March’s 60.9 percent. (iStock)
Demand for short-term rentals surges past pre-pandemic levels
Demand for short-term rentals surges past pre-pandemic levels
Cape Cod and the Jersey Shore suffered among the sharpest inventory declines. (iStock)
Here’s where homes virtually sold out in the pandemic
Here’s where homes virtually sold out in the pandemic
1384 Meadow Lane
The 20 priciest Hamptons sales this year
The 20 priciest Hamptons sales this year
Airbnb CEO Brian Chesky. (Airbnb, Getty)
Airbnb’s losing spree continues with $1B loss in Q1
Airbnb’s losing spree continues with $1B loss in Q1
Madison Realty principal Josh Zegen, Raphael Toledano with the properties at 325-329 East 12th Street and 223-235 East 5th Street (Madison Realty, Google Maps, Toledano by Michael McWeeney)
Madison Realty Capital closes on Toledano’s bankrupt East Village portfolio
Madison Realty Capital closes on Toledano’s bankrupt East Village portfolio
Manhattan and Brooklyn saw all-time records in lease signings in April (iStock)
April leases soared across city; so did concessions
April leases soared across city; so did concessions
arrow_forward_ios

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

Loading...