What would you pay for your dream charter or DCPS?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.

Yes, sometimes other factors offset the poor schools. But overall there is a very strong correlation between school quality and home prices. It was very evident when we were househunting. When there are two houses in two neighborhoods with all other things being roughly equal, good schools add a big premium.

But you are not familiar with the DC real estate market. Prices in Logan, Shaw, Bloomingdale, Ledroit Park, Columbia Heights are all as high or higher than those in the leafiest parts of NW with the most sought after schools. For example, I could probably sell my Bloomingdale rowhouse for a little under $1m. I could easily buy a home inbound for a JKLM school for that price, and likely a larger home with a yard too.

I think you're not familiar with the DC real estate market. If you wanted to buy a house in Palisades, AU Park, Friendship Heights, Wakefield, Forest Hills and to a lesser extent CCDC with the same square footage as a typical Bloomingdale rowhouse ... it would cost more than one million. (unless it was nowhere near metro, as with Hawthorne and that stuff).

$875K, a gut job brand new renovation with 1700 sq.ft above grade. Close to transit:




$925K In Janney, nowhere near metro Same exact size. Remodeled over time, but not to the same "flipper all new" extent as Bloomingdale house.
https://www.redfin.com/DC/Washington/4610-49th-St-NW-20016/home/9945905?utm_campaign=listings_update&utm_source=myredfin&utm_medium=email&utm_content=home_image

[Anonymous]

Anonymous wrote:We do. It's called taxes.

DC's overall tax burden is among the highest in the country.

Amen. We pay a lot of taxes.
I wish I could have that amount in my paycheck and send my kid to a private. Even at a HRCS it feels like homeschooling

[Anonymous]

Anonymous wrote:One time fee and you're in for life.

I think I'd pay $10,000.

Yes, but it's a known fact that charters usually do not retain their teachers.
I mean you can have a good teacher one year and quite mediocre ones the next year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.

Yes, sometimes other factors offset the poor schools. But overall there is a very strong correlation between school quality and home prices. It was very evident when we were househunting. When there are two houses in two neighborhoods with all other things being roughly equal, good schools add a big premium.

But you are not familiar with the DC real estate market. Prices in Logan, Shaw, Bloomingdale, Ledroit Park, Columbia Heights are all as high or higher than those in the leafiest parts of NW with the most sought after schools. For example, I could probably sell my Bloomingdale rowhouse for a little under $1m. I could easily buy a home inbound for a JKLM school for that price, and likely a larger home with a yard too.

I think you're not familiar with the DC real estate market. If you wanted to buy a house in Palisades, AU Park, Friendship Heights, Wakefield, Forest Hills and to a lesser extent CCDC with the same square footage as a typical Bloomingdale rowhouse ... it would cost more than one million. (unless it was nowhere near metro, as with Hawthorne and that stuff).

$875K, a gut job brand new renovation with 1700 sq.ft above grade. Close to transit:




$925K In Janney, nowhere near metro Same exact size. Remodeled over time, but not to the same "flipper all new" extent as Bloomingdale house.
https://www.redfin.com/DC/Washington/4610-49th-St-NW-20016/home/9945905?utm_campaign=listings_update&utm_source=myredfin&utm_medium=email&utm_content=home_image

Where is that first home that you mention? Where's the MLS link? It doesn't really look like Bloomingdale, certainly not anything on the southern end (i.e. close to transit). Perhaps at the top of 1st St NW? (significantly impacted by the huge amount of construction going on there).

[Anonymous]

DC has a lot fewer school age kids than the rest of the country, so schools are less important in real estate values (and politics in general).

You can see it in the census results (http://quickfacts.census.gov/qfd/states/11000.html). The school age population of DC (from taking the under-18 population and subtracting the under-5 population) is 10.9%. The national average is 17%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.

Yes, sometimes other factors offset the poor schools. But overall there is a very strong correlation between school quality and home prices. It was very evident when we were househunting. When there are two houses in two neighborhoods with all other things being roughly equal, good schools add a big premium.

But you are not familiar with the DC real estate market. Prices in Logan, Shaw, Bloomingdale, Ledroit Park, Columbia Heights are all as high or higher than those in the leafiest parts of NW with the most sought after schools. For example, I could probably sell my Bloomingdale rowhouse for a little under $1m. I could easily buy a home inbound for a JKLM school for that price, and likely a larger home with a yard too.

I think you're not familiar with the DC real estate market. If you wanted to buy a house in Palisades, AU Park, Friendship Heights, Wakefield, Forest Hills and to a lesser extent CCDC with the same square footage as a typical Bloomingdale rowhouse ... it would cost more than one million. (unless it was nowhere near metro, as with Hawthorne and that stuff).

$875K, a gut job brand new renovation with 1700 sq.ft above grade. Close to transit:




$925K In Janney, nowhere near metro Same exact size. Remodeled over time, but not to the same "flipper all new" extent as Bloomingdale house.
https://www.redfin.com/DC/Washington/4610-49th-St-NW-20016/home/9945905?utm_campaign=listings_update&utm_source=myredfin&utm_medium=email&utm_content=home_image

Where is that first home that you mention? Where's the MLS link? It doesn't really look like Bloomingdale, certainly not anything on the southern end (i.e. close to transit). Perhaps at the top of 1st St NW? (significantly impacted by the huge amount of construction going on there).

The only houses that have sold in Bloomingdale for close to or over a million in the past year have at least 4 bedrooms and 2,000 sq.ft or much more:

https://www.redfin.com/neighborhood/18336/DC/Washington-DC/Bloomingdale-Washington-DC/real-estate#!min_price=950000&num_beds=2&sold_within_days=365&status=131&v=8&sst=&lat=38.91279783318087&long=-77.01188002681441&zoomLevel=15®ion_id=18336®ion_type=1&market=dc

[Anonymous]

Anonymous wrote:We have friends that live in SE that spend $10k/year for an "eh" private school. They would easily give one year tuition to go to YY. (They can't move for other reasons).

We turned down a 35k private school for YY. We figure we are saving 35k x 7 = ~245k+. Not chump change and YY is a lot closer to our house while the private school is 3x the distance.

[Anonymous]

what are you guys talking about re realestate. We couldn't find a three bedroom ANYWHERE WOTP for around 600. Would have done far from metro. Didn't need jkml (Eaton, Hearst fine as long as it fed Wilson). Nada. The best we found was 680. Looked for a year and a half. Found a 610 4-bedroom in Brookland near metro this year.

The difference is schools. Our house would have been 150,000 more wopt near metro and 50,00- 100,000 if not.

[Anonymous]

Anonymous wrote:what are you guys talking about re realestate. We couldn't find a three bedroom ANYWHERE WOTP for around 600. Would have done far from metro. Didn't need jkml (Eaton, Hearst fine as long as it fed Wilson). Nada. The best we found was 680. Looked for a year and a half. Found a 610 4-bedroom in Brookland near metro this year.

The difference is schools. Our house would have been 150,000 more wopt near metro and 50,00- 100,000 if not.

and it was one 680 house. cheapest 3 bedroom we ran into in decent condition. so my estimates of what my flipped, renovated house would be in a good school district is probably low.

[Anonymous]

Anonymous wrote:

Anonymous wrote:what are you guys talking about re realestate. We couldn't find a three bedroom ANYWHERE WOTP for around 600. Would have done far from metro. Didn't need jkml (Eaton, Hearst fine as long as it fed Wilson). Nada. The best we found was 680. Looked for a year and a half. Found a 610 4-bedroom in Brookland near metro this year.

The difference is schools. Our house would have been 150,000 more wopt near metro and 50,00- 100,000 if not.

and it was one 680 house. cheapest 3 bedroom we ran into in decent condition. so my estimates of what my flipped, renovated house would be in a good school district is probably low.

Exactly. It's simply impossible to deny that good schools add a premium to any property. Why is that so hard to accept? It doesn't mean your centrally located row house can still be equally or more valuable for other reasons. But imagine how much it would be worth if you had good schools (and low crime) to boot!

[Anonymous]

This thread is gross.

[Anonymous]

Anonymous wrote:This thread is gross.

+100 I just checked back to see how it could have grown to 6 pages - the whole premise is nasty but at least it's a real estate argument now, not still a serious question of how much you'd pay for what is supposed to be a free charter. And people who would pay a lot, just to state the obvious, I certainly wish they'd just exercise their ability to go private and leave the public schools to those of us with much fewer choices. Alas, it doesn't work that way at all.

[Anonymous]

Nothing. It's supposed to be free. That's the point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread is gross.

+100 I just checked back to see how it could have grown to 6 pages - the whole premise is nasty but at least it's a real estate argument now, not still a serious question of how much you'd pay for what is supposed to be a free charter. And people who would pay a lot, just to state the obvious, I certainly wish they'd just exercise their ability to go private and leave the public schools to those of us with much fewer choices. Alas, it doesn't work that way at all.

Find me a private school that has what my public charter has and I'd pay for it. My public charter school is better (in ECE) than any of the DC private schools.

[Anonymous]

Anonymous wrote:Nothing. It's supposed to be free. That's the point.

Yes they're free. This is just a game. Don't like it, don't have to play. People are just saying if they could (which they obviously can't), how much would you pay to skip the line at your favorite school? Would you pay to skip lines at Disneyland?