Here in Merced, a city in the heart of the San Joaquin Valley and one of the country’s hardest hit by home foreclosures, the downturn in the real estate market has presented an unusual housing opportunity for thousands of college students. Facing a shortage of dorm space, they are moving into hundreds of luxurious homes in overbuilt planned communities. — nytimes.com
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Sounds like something I read in William Gibson´s sci-fi novel "The Bridge Trilogy" around 1995 - one of the main characters, bicycle courier Chevette Washington, lived together with some students in an abandoned luxury villa at Malibu beach :)
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