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I appreciate an effort, but how can a student afford a house ? Is it possible that a rich parents can invest in properties through their kids on a student visa?
by jlahp 5y ago
I appreciate an effort, but how can a student afford a house ? Is it possible that a rich parents can invest in properties through their kids on a student visa?
- hallway_monitor 5y agoA student is not meant to purchase a house. They can live on campus or rent. I don't see any reason for an exception here.
- 3qz 5y ago> Is it possible that a rich parents can invest in properties through their kids on a student visa? Yes, I’ve met many people who do this. The father works in China and sends money to their kid (and sometimes wife) in Canada to buy real estate. Then since the family in Canada is technically low income (no job) they maximize every possible government benefit as well.
- bombcar 5y agoEven before all the housing craziness it was often worth it (if you had the money) to buy a house in a college town for your kid(s) (especially if you had more than one going to the college) and then sell it when they graduate. The cost of ownership over those 4+ years would be cheaper than renting/dorm life, and give more options. It would become even MORE worth it if you rented the other rooms to other students.