I recently read this article Top 10 College Towns … for Buying Foreclosures, by Joel Cone, Foreclosure News Report. Based on their data, they found that the following College Towns were also good places to buy foreclosures. The list is as follows:
- Stanford University – Palo Alto, CA
- Ohio State University – Columbus, OH
- University of Louisville – Louisville, KY
- Northwestern University – Evanston, IL
- Louisiana State Univeristy – Baton Rouge, LA
- University of Arizona – Tuscon, AZ
- University of Tennessee – Knoxville, TN
- Florida State University – Tallahassee, FL
- Texas Tech University – Lubbock, TX
- University of Michigan – Ann Arbor, MI
The article went on to say that foreclosures in these towns offered a 44% discount, and provided buyers with an endless pool of renters.
