Hello Ismail,
Congratulations on your decision attending ASU!
There are a lot of things to consider whether you should buy or rent while attending school in Tempe. Property values have declined sharply and depending on your circumstances and intentions it very well could be that a real estate investment may pay off for you in the long run.
Generally I would advise against buying a property if you have no intention of keeping the property for longer than 4years, you don't want to become a landlord/real estate investor or if there is no one else in your family who can take advantage of the property.
There is an older article on MSNBC pointing out the pros and cons of investing in student housing:
http://www.msnbc.msn.com/id/14041818/
Granted the market was way different when this article was written however it still may point out things you may haven't considered yet.
Feel free to contact me if you like to chat...
Christoph Schweiger
Associate Broker
HomeSmart
- Sat Nov 15 2008, 18:56
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