At the University of California, Merced, one right of passage -- college students crammed into shoebox-sized dorm rooms -- is no longer.
For thousands of collegians, the life of the starving student has been traded in for the lap of luxury. Many of now living in sprawling new homes which were abandoned by foreclosures in one of the hardest-hit cities in the U.S.
These so-called "McMansions" are complete with spiral staircases, sparkling chandeliers and even Jacuzzis.
Third-year student...Full Story