(ZEROHEDGE) – Who could have possibly thought, amidst all this euphoria, that luxury college housing complexes for students might not be the best idea in the world?
It’s looking like for one complex – with, of course, a “resort style” rooftop pool (which everybody knows is integral to one’s studies) – near the Texas A&M University campus is starting to find out this harsh reality.
The 3,400-bed student housing complex, called Park West, is going to default on its July debt payment, according to Moody’s Investors Service, who downgraded the company’s bonds deeper into junk territory this week.
