I bought my college son a townhome instead of wasting $12,000 a year on his student housing. I might even make a profit.

I bought my college son a townhome instead of wasting $12,000 a year on his student housing. I might even make a profit.

Courtesy of LeAnne Carswell

This as-told-to essay is based on conversations with LeAnne Carswell, 51, a real estate agent in South Carolina who decided to buy a home for her son to live in while studying at Clemson University instead of paying his rent. The conversation has been edited for length and clarity.

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