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Author: HedonistiX Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127714  
Subject: Re: Homes & School Districts Date: 3/25/2004 4:26 PM
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Is there some reason I want to pay $300K more for a school district? I really think this is nuts.

Frankly, my family is all in the North Bay and I would prefer to move North, but I don't know if there's anywhere we can go in that direction that would really be in the right price range.

CCSand
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Also, aside from the education issue, I would rather have neighbors who paid $500k for their houses than $200k.

Economic demographics are a major force in real estate values. The higher the property values, the better the schools, the lower the crime rate, the nicer the local businesses, etc. That is what I meant.

GADawq
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CC:

Read these posts of yours from the Fool's mailing.

I agree with GADawq's comments, it does sound "snobbish" or "elitist" on the surface, but GADawq followed up with reasonable explanations which I also agree with.

Like people said in "real estate": it's location, location, location ........ and in the case of California/Bay Area, I've found public school district has become a very important issue and huge factor in house price premiums, i.e.: identical 3 bdrm. houses in the borderline of Concord and Walnut Creek can differ in prices by 200K just because of their zipcode and school zoning.

Despite placing a high ranking on public school system, if the day comes we have to finalize our decision on buying our place, I'd shoot for a place that we can comfortably afford with an acceptable/medium-ranked public school system.

I don't believe in paying for private school (some co-workers pay $1,500/month for kid's elementary school, I thought that is ridiculous!) neither do I believe in having to put our future kid(s) into the top ranked public school as I place higher values in educating kids at home first before at school. What I meant is, if we can educate our kids according to the values we want them to have at home, more likely they'll turn out OK even if they don't go to fav. schools and OTOH if they are not educated properly at home, they can still do drugs at fav. schools.

Anyway, on areas suggestions you can probably get decent places with good public school systems in Walnut Creek, Moraga/Orinda/Lafayette or Foster City from where you are now without having to pay much premiums for upgrading.


--H
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