The surprising trend, as the costs of housing exceed students over the mortgage payments

Benzinga and Yahoo Finance LLC may earn commission or revenue on some elements through the links below.

The purchase of a house for a university student on 23 out of 121 universities included in the survey was cheaper than paying the price of the room and the council, According to To the mortgage research network.

The results are not fully in line with geography or population. Colleges in Chicago, Miluke and Cinnines are modest gains to homeowners, along with the southern colleges in Gonsburo, Arkansas, Hatsberg, Mississippi and Colombia, South Carolina. But winning the room and playing in other urban environments, especially on the super -western coast.

For example, students at the University of Washington-Siel will lose when buying a house, paying about $ 83,000 more than the room and playing for three years. The prices of high houses are blaming the uneven calculations, as they coincide with similar negative results at the University of Colorado-Bolder, the University of California San Diego and New York University.

Do not miss:

The report passes a step forward, and the calculation of additional cost savings in home ownership exceeds university education for a period of three or four typical years. For example, it says savings for three years in Temple are about $ 30,000, but the owner of the house can make up to $ 70,000 to buy profit and contract the property for at least 10 years.

Where is the cheapest place to buy your kidney child home? Marshall University in Huntington, Western Virginia wins the prize at the lowest medium price of the house of $ 137,909. My mom and my father can come out nearly $ 19,000 three years ago in this deal, according to the survey. Better, the property can save more than $ 33,000 if it is held for 10 years or more.

Dilayer University, Alabama University and Memphis University are wandering in Tennessee in the first five schools, where it is better to have a house from the salary room and the council. The cities of the West Coast and the rock of the above five lower mountains make, along with California State University in Orange County and the Montelier State University in New Jersey.

Traner: The heart planning has not changed in 100 years – AI’s upgrade can help discover heart disease years ago

Montclair State wins the Boby Award in this report, which comes in last place. The Mortgage Research Network says that parents may lose up to $ 163,000 over a period of three years to buy a house near the college, instead of paying the room and the council. The average house price in the New York suburb is listed at $ 1.1 million, along with the total cost owned by about $ 10,000 per month.

How are these costs and savings calculated?

The mortgage payment, property tax, mortgage and home owners have been added to maintenance, closure costs, and a grocer. After that, the revenues of the room’s rental room were offered and appreciated at home, extending these values ​​over three years and comparing them with the expenditures of the room and the council published to the school. The costs, income, and appreciation of the home are modified the medium prices on the school site.

Why are three years used in accounts, instead of university education for a period of four years? Eduationdata.org says 22 % of beginners in the college Make up Just one year later, imagine for four years. The author of the study also says that some institutions encourage new students to live on campus, adding more uncertainty to the results of four years.

Read the following:

Photo: Shutterstock

This article Financial shock: the surprising trend, as the housing costs of students exceed the mortgage payments Originally Benzinga.com