Today it seems the vast majority of college students are saddled with a staggering amount of debt upon graduation. The same is true for graduates of UC Irvine and throughout the University of California system. While in school, students take out loans to cover the costs of tuition, books, and room and board. Hundreds of dollars each month go towards rent payments in off-campus housing or apartments. However, students that invest in co-ownership can start their new life in the “real world” on the right foot.

Many college students pay rent to a landlord each month to live in a home that may not be properly maintained. With high demand and short supply, the rental market is tough for a student, and it can be hard to find a good house or apartment on a budget.

Dorm or typical homes in Irvine rent for an estimated $1,000 or more per bedroom. But, with a monthly mortgage payment in the same range, co-owners can build equity instead of piling on debt from student loans. It is also quite likely that you can find properties that would be cheaper each month to own than rent.

Consider this townhome that is for sale recently: it has 3 bedrooms with 2 ½ baths and is located in the desirable Northwood Horizon Community on Huntington. The asking price is $465,000. If three (3) college students/parents buy together, each mortgage monthly payment is  $555 after tax savings with a down payment of $15,500 (assuming a 25% marginal tax rate, 10% down payment and 4% interest rate for 30-year mortgage).

Home co-ownership is a great way for students and parents to invest their money each month and have something to show for it after graduation. The home will be better maintained because the residents will have something at stake. Plus, after graduation the home can be sold for a profit – which should help pay off any student loans – or be kept as a rental property.

When parents, friends, or family members invest in a property with a student, there are plenty of benefits all around. To find out more about home co-ownership , visit It makes sense for UC Irvine students to invest now and avoid debt later.

If you are interested in the house mentioned above, it is not advertised anywhere yet. Please contact for any questions that you may have.