Feature Post

Should you consider a condo for your college kid amid Covid-19?

When Diane Pearson’s sons both attended Robert Morris University, buying a condo for them in the suburb of Pittsburgh made financial sense.

Pearson, who is a certified financial planner, took out a home equity line of credit to purchase the property with cash in 2013. 

Three years later, the family sold it at a $5,000 profit. Factoring in the savings on dorm room fees, “in the end we probably saved $40,000,” she said.

“I have been recommending this process for years,” she added.

Diane Pearson with her husband Alex and sons David and Alex.

Source: Diane Pearson

Before the coronavirus crisis sent shockwaves through the economy, it was increasingly common for parents to buy properties, or “kiddie condos,” as an alternative to paying for student housing.

In a number of cities across the U.S., it was more cost effective to purchase a home rather than rent a room on

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Hot Property: Will Arnett lists modern home for $11 million

There’s always money in the banana stand, to borrow from the show “Arrested Development.” But it might take a few more frozen banana sales to afford the Beverly Hills Post Office-area home of Will Arnett, who plays Gob Bluth on the show.

Listed for $10.995 million, the actor’s steel-framed house is a reimagining of a design by the late modernist architect Ray Kappe known as the RK2 model.

The L-shaped residence consists of six modules that were designed and built off-site by Succi Reddy in collaboration with LivingHomes, the design subsidiary of Rialto-based builder Plant Prefab. Completed in 2017, the project received an “Award of Excellence” the following year from the L.A. Business Council.

Clean lines, an open-concept layout and walls of glass reinforce the modernist architecture. Overhanging eaves — a Kappe trademark — provide protection from the sun while diffusing natural light indoors.

A chef’s kitchen with built-in

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Home of the Week: Finding serenity in a 1950s Venice bungalow

This Venice bungalow takes the concept of do-it-yourself projects to a whole new level. When renovating the 1950s home, a former owner learned how to use computer-aided design software to realize his vision.

Taking its cues from Scandinavian design, the fenced and gated home is unapologetic in its clean composition. Smooth plaster walls and bleached French oak floors give the interior a calming feel. Outside, olive trees and simple grasses surround a small swimming pool and decking.

The details

Location: 2328 Glencoe Ave., Venice, 90291

Asking price: $3.895 million

Built: 1952

Living area: 2,330 square feet, four bedrooms, 3.5 bathrooms

Lot size: 5,859 square feet

Features: Waterworks fixtures; Lutron lighting and shade system; Le Cornue stove; rooftop deck; detached guest suite with kitchenette

About the area: In the 90291 ZIP Code, based on nine sales, the median price for single-family home sales in May was $2.135 million, a 16.1% increase

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