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The Kids! Students Keeping RE Prices High

College students are actually boosting property values in some towns (see: Santa Cruz, Berkeley) as parents snap up properties for their little kittens to destroy live in while attending university, and investors rent or flip. Areas closest to campus are the most popular, obviously, as growing enrollment numbers yield a constant influx of students, virtually guaranteeing a steady stream of tenants. In Palo Alto, home to Stanford University (in case you've forgotten), home prices jumped by 15% in 2007. Buy away! [Business Week via SF Schtuff]