November 15, 2011


Thanks to the Housing crash, some students are able to give up this...

and are living in something like this...

Some students at the University of California - Merced are living large. Really large, thanks to the housing boom and bust in the area. The New York Post writes

"Merced, in the heart of San Joaquin Valley, was ranked the third hardest-hit city in the country for home foreclosures, leaving whole communities of sparkling luxury homes vacant and depreciating, the New York Times reported. For these UC students, the “housing crisis” is an embarrassment of riches.
"I mean, I have it all!" Patricia Dugan, a senior majoring in management, told the Times from her master bedroom suite flooded with California sunshine.
The five — sometimes six — bedroom manses that often feature chandeliers, Jacuzzis, walk-in closets and swimming pools are too expensive for private occupants, but for students splitting costs, rent is peanuts. Several thousand McMansion dormers who have their own bedroom and a private bath pay just $200-$350 each in monthly rent for a typical house share."

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