In 2019, a friend of mine in Shenzhen sent his child to UCI (University of California, Irvine) to study. The first thing he said when we met was to ask me to help find a house near the child's school. He said that the child would live in an apartment arranged by the school for the first three months after arriving at school. After three months, he wanted the child to live in his own house. It doesn't matter if the house is bigger. With more rooms, you can find a few classmates who get along with you to live together, and the rent can also be used to subsidize the loan. I have to say that I admire this friend who came to the United States for the first time. His investment vision is indeed like that of a Shenzhen native.
Let’s first take a look at the property I helped him choose at that time:
This is a 3-story, 4-bedroom, 3.5-bathroom apartment. It is only a 5-minute drive to UCI. Blizzard and Morgan Stanley are nearby. The LUX apartment built next to it previously housed a large number of UCI students. It is believed that this City square apartment will also be very popular among students when it is handed over. The total price was more than 800,000, and it was the lowest standard land tax in the Irvine area. My friend did not hesitate to order a house that would be delivered in two months.
After we made the reservation, our friend told us several reasons why we were so keen on investing in this property while we were drinking tea. First, he is optimistic about U.S. dollar real estate, especially in the college town area. Secondly, and the more important reason, he said that the child has left his parents and entered college, and will also enter the society. He will invest in a real estate and let him personally manage it to cultivate his interest and ability in investment and financial management in the future. I have to say that the vision of the bosses of listed companies and the educational philosophy of passing on to the next generation are worthy of our learning and admiration.
Two months later, the child successfully received the key. The child took care of everything by himself, purchasing furniture and decorating the room. Soon he found two classmates who had harmonious habits and moved into the new apartment together. About half a year later, my friend in China called me and asked if there were any apartments for sale in this community. Many of his children’s classmates at school wanted to live with him. What a coincidence. I asked the developer on the phone about the last batch of houses to be delivered next month, and there happened to be another one available for reservation.
My children will graduate next year. The value of the two properties has already increased by at least 50%, and the rent in the same community is already close to 6,000/month. It can be said that the tuition fees and other expenses of studying in the United States have been earned back in the past few years, and the children have also experienced investment opportunities. No wonder it is said that rich people spend more and more money, haha...
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