While it may be more comfortable to live in an off - campus
apartment, these cost thousands of dollars extra every
year, which can lead to an accumulation of
debt.
Another obstacle: Many would - be
apartment sellers over the last couple of
years have refinanced with 10 -
year agency or conduit
debt, which requires buyers to assume the loans or pay hefty yield - maintenance penalties for retiring the
debt early, says Raymond Polverini, senior vice president of CT Realty Corp. in Newport Beach, Calif..