Where do the people in the $6/7/8m+ mansions in send their kids?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

You live in Foxhall?

In that area. I guess I should note the list is that high, they are not all sold. Still, two families with young kids nearby have each put $10 million plus into real estate projects in the last couple of years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

This. Also most people who do well see this success later in their careers = older age, so at most they'll have kids in upper school, but not many with younger kids. Notice you never see any toys outside at such houses, or even a playground set in the yard.

We have kids in lower school and there just aren't that many at the top of the income bracket, yet. I was surprised that our $5k annual donation was treated in such high regard (invitations to join comittees, etc), but then I realized there aren't that many in lower school who can afford that, and the parents in upper school "age out" soon when their kids graduate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

The few ultra rich we know send their kids to the smaller private schools that seem more nurturing. I don’t know where they will go for high school.

Over the years, I have met children of rich families who are not impressive at all in any category. They are adult children who depend on their parents. I think it is a bit sad actually when they rely on grandparents for tuition, home and they basically have an allowance from their trust fund.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

Yeah, there are 9 homes above $10 million for sale in the District right now.
But are they actually selling? NO
At least half have been on the market for 6 months and several for over a year.

And exactly 2 sales above $10 million in 2022.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boarding school

lol only if the kids can actually hack it.

The ultrawealthy don't care if their kids can hack it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.

Maybe they did not get admitted. Things have changed. Being wealthy is not an automatic in.

lol, no. Development admits still get in. They just don't feel the need to saddle their kids with a miserable high school experience

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

You live in Foxhall?

In that area. I guess I should note the list is that high, they are not all sold. Still, two families with young kids nearby have each put $10 million plus into real estate projects in the last couple of years.

And It's quite possible (in fact probable) that these are the only 2 families with young children at that price point in the District, if not the entire DMV.
There are single digit transactions at this level across the entire DMV each year.
Just because you live in the epicenter of the wealth bubble does not make it commonplace.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

The few ultra rich we know send their kids to the smaller private schools that seem more nurturing. I don’t know where they will go for high school.

Over the years, I have met children of rich families who are not impressive at all in any category. They are adult children who depend on their parents. I think it is a bit sad actually when they rely on grandparents for tuition, home and they basically have an allowance from their trust fund.

I'd love to be sad in that kind of way. I'd trade being melancholy on a beach in the south pacific for my commute in a heartbeat

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

Yeah, there are 9 homes above $10 million for sale in the District right now.
But are they actually selling? NO
At least half have been on the market for 6 months and several for over a year.

Not everything is on the market right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

You live in Foxhall?

In that area. I guess I should note the list is that high, they are not all sold. Still, two families with young kids nearby have each put $10 million plus into real estate projects in the last couple of years.

And It's quite possible (in fact probable) that these are the only 2 families with young children at that price point in the District, if not the entire DMV.
There are single digit transactions at this level across the entire DMV each year.
Just because you live in the epicenter of the wealth bubble does not make it commonplace.

No, I know a lot more than that. The ultra wealthy are not flaunting it. Most probably won’t stay here much longer though. Farms, Montana ranches and Nantucket compounds are calling.

[Anonymous]

100% agree with Landon poster that the $6-8M homeowners are, like the rest of us, sending their children to a range of local private schools for all the reasons listed here’s by other parents. And, yes, there are plenty of ultra wealthy at Big3/5 too. It’s just a range. What I’m calling BS on, however, is that there is any statically significant number of such families sending their child to publics IN THIS AREA (looking at your Beverly Hills poster). Do not believe that that is happening in this area for a single minute.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

You live in Foxhall?

In that area. I guess I should note the list is that high, they are not all sold. Still, two families with young kids nearby have each put $10 million plus into real estate projects in the last couple of years.

Actually, it’s 3. I just recalled another.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

Yeah that’s exactly the UMC striver set we are talking about. The biglaw partner types.

[Anonymous]

Anonymous wrote:There are so many privates in moco/dc! Which ones have the wealthiest populations?

Bullis in Suburbs and Sidwell in DC.

[Anonymous]

Holy Child in Potomac has an extremely wealthy student family population.