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Just wanted to pull this hilariously off-base quote out. Given that Capitol Hill housing has kept its value better than almost any other neighborhood in the region, I think you may be projecting here. We bought in 2004. The housing bubble "collapse" sees our house's value at +5%. I know folks in the burbs who are off 25% from buying at the peak. Couple this with the fact that the ration between rents/mortgage has finally equalized, and we can actually cover our monthly mortgage payment and maintenance by renting our house out, and...no, we're not fighting for our lives underwater. Given how laughable your analysis of the RE market on the Hill, I'll take the rest of your "analysis" with a grain of salt, thanks. :roll" |
| Ditto. Things looking fine as far as house value. Wish I'd been on a fabulous vacation, though. Where do people come up with these things? |
| Parents who bought in 2007 are kinda screwed and hence the frenzy to boost their schools on these boards. |
I'm interested in some of whatever it is you've been smoking: http://www.zillow.com/homedetails/1250-C-St-NE-Washington-DC-20002/422264_zpid My brother-in-law outside of Denver has two kids under 3 yo, and lives in a condo they bought for $250k four years ago. It's now worth $160k. The idea that generally middle- to upper-middle class Capitol Hill parents whose house values have *increased* over the last 4 years are "screwed" is something you seem loathe to let go of, but it's also pure fantasy on your part. |
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I think the fact that Hill parents are so dedicated to making the DCPS schools work out speaks more to the shittiness of suburban living than to parents' financial straits. Given that Hill parents are probably some of the few people in the area who *are* tied to their homes, it actually is more heartening to see such dedication.
Hell, I bought in 2006, and I could rent the place out and move out of the area tomorrow. |
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Check yourself, "using Hill houses as an ATM" poster. I'm a Hill mom who bought in 2001. While I can't speak for everyone who lives here, I can say that, among my circle of friends on the Hill, no one is even close to being underwater on their house, whether because of home equity loans for renovations or otherwise. Conservatively speaking, my profit on an as-is, "I ain't staging nothin', don't mind that pile of laundry" sale of our home would be more than enough for a 20% down on the magical, mystical $1m+ house that's spoken of so often on DCUM.
I've stayed here because my daughter and I love the neighborhood and our neighbors; I love it here more than I love the idea of selling my home at a profit. She's in DCPS now, and I am happy with her school and teacher. But, for external reasons, I'm looking at private for next year. If my home equity becomes an issue in the FA process, then so be it. I'll re-evaluate my position on staying here then, but not before. |
Hi Gina Arlotto. For everyone else? I wouldn't worry about the highly educated and involved Hill parents who've not only chosen to leave, but then (despite their high expectations) somehow blundered into poorly run charters, and THEN decided the remedy was to return to their unsatisfactory DCPS. If there's a sample size of such students to be counted on more than one hand, it would be shocking.
Families leave. The better-off they are, the earlier they go. This opens up lots of seats for poorly-served OOB students. The later the grade, the more seats that are open. The more seats that are open, the poorer the results in the testing grades. It's a difficult cycle to break. |
Parents who bought in 2007 have 4 year-olds. They're lucky to even get in to a Pre-K, and they sure as hell don't know enough yet to be boosters. |
I want you to handle all my business analysis. Your hypothesis is that among "parents who bought in 2007," no families with children (0) had other than 4 year olds. Coincidentally, each and every one of of these home-buying parents that year had a 4-year-old and no other kids in school. Fascinating, cult-like behavior! |
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STEREOTYPES OF HILL PARENTS
(1) Drink bubbly wine with cheese while fraternizing in the halls of power. (2) Perception: House = ATM frenzy in 2007, settling for DCPS. Reality: decent income & great take-out near-by, DCPS elementary ain’t half bad. (3) Likes walking / biking / Metro. 1.5 vehicles (minivan, Zip Car). (4) Has one, two or three kids – never more. (4) Supplements school with “enrichment activities.” (5) South mountain Creamery / CSA / neighborhood garden. (6) Two Rivers, Watkins, Brent, Maury, Cap Hill Day, St. Peter’s. (7) Someone you know has a weekend home in the country, and it’s awesome. (8) Same sex (Modern Family), single, bi-racial, Mongolian, female breadwinner - unique families are the norm. |
LOL! Damn, you got me! Except for #1. I'd rather hang out with my family and neighbors at the local park or pub. |
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STEREOTYPES OF HILL PARENTS
(1) Perception: bubbly wine & cheese fraternizing in halls of power. Reality: dashing to Eastern Market in pajamas. (2) Perception: House = ATM frenzy in 2007, settling for DCPS. Reality: decent income & great take-out near-by, DCPS elementary ain’t half bad. (3) Perception: Walking / biking / Metro. 1.5 vehicles (minivan, Zip Car). Reality: The car just works better for our life. (4) Has one, two or three kids – never more. (4) Supplements school with “enrichment activities.” (5) South mountain Creamery / CSA / neighborhood garden. (6) Two Rivers, Watkins, Brent, Maury, Cap Hill Day, St. Peter’s. (7) Someone you know has a weekend home in the country, and it’s awesome. (8) Same sex (a-la Modern Family), single, bi-racial, Mongolian, female breadwinner, no biggie. (9) Complaint about visiting the Air & Space Museum “again.” (10) Nationals games are actually fun. And you can bring food in. (11) Where is Kingman Park? Payne’s field? Marine field? Watkins multi-sport? (12) When we’re at 8th Street, I get coffee, you get doughnuts. (13) “I am not taking the kids for 8 dollar hamburgers on Pennsylvania Ave.” (14) Dads do serious stroller research. And then tell you. (15) CHAW is not chewed. |
| This is entertaining. |
It seems there was a big discrepancy in the reading scores of Brent. Why so? Maury's scores look pretty bad. |