Parents who move around the world to advance their child’s future in sports are taking big risks in real estate.
By Katy McLaughlin | The Wall Street Journal
Penty of parents drive kids to soccer tournaments, fork out fees for tennis lessons and travel to lacrosse camps. JoAnn and Ike Moradshahi have them all beat: The couple has moved across state lines three times in as many years so that their 16-year-old son Bryon can play ice hockey.
“I don’t exactly like packing and moving, but it’s part of the game,” said Ms. Moradshahi, who is 55.
Three years ago, Bryon made the top-tier 14-and-under team with the Arizona Bobcats, a youth hockey club that has developed a number of top college prospects and one NHL player. So Bryon’s parents sold their 8,300-square-foot “dream house” in Beaverton, Ore., for $800,000—at a $25,000 loss—and moved to Scottsdale, Ariz. There, they rented a two-bedroom apartment for $1,290 a month, Ms. Moradshahi said.
