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

TRD New York TRD 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
Red Apple Group’s John Catsimatidis and Muss Development’s Jason Muss (Getty; iStock)

Four Brooklyn landlords accused of illegally inflating rents

Four Brooklyn landlords accused of illegally inflating rents
A study found that NYC renters lose $178M per year due to long-term rentals being reallocated to the short-term market (Getty; Pixabay)

Airbnb costs New York City renters $178M a year: study

Airbnb costs New York City renters $178M a year: study
111 West 57th (Photo via FDNY Twitter)

Spinning crane at 111 West 57th Street casts debris on street

Spinning crane at 111 West 57th Street casts debris on street
Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)

Two mortgage companies delay IPOs amid market volatility

Two mortgage companies delay IPOs amid market volatility
Denizen Bushwick at 54 Noll Street (Photos via Denizen Bushwick)

All Year nears $650M financing for Bushwick luxury rentals

All Year nears $650M financing for Bushwick luxury rentals
The decline in contract activity may signal a drop in sales in the coming months (iStock)

Pending homes sales dipped in September

Pending homes sales dipped in September
(Getty, iStock)

Refinancings drove up home mortgage apps last week

Refinancings drove up home mortgage apps last week
40 East 72nd Street and Spiros and Antonia Milonas  (Getty; Google Maps)

Under water: Shipping magnate’s troubled UES condo is bankrupt

Under water: Shipping magnate’s troubled UES condo is bankrupt
arrow_forward_ios

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

Loading...