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Real Estate
Reply to "These Condos are Cheaper than Private School"
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[quote=Anonymous][quote=Anonymous]Consider the hypothetical: I want to sent my 3 kids to the best public schools in NoVA, lets just say Mclean HS pyramid for example, but I only have the budget for $1mil and cant afford a $2m 4bd house in that school district. What if I instead purchased a really nice 4bd home in Price William County for 750k, and a 1bd condo in Tysons Corner for 250k, then claimed primary residence in that condo so that I could send my 3 kids to Mclean schools, even though the whole family actually shacks up in a nice 4bd Prince William house. That little condo could be used as a storage unit, air bnb, rental, or whatever, it would still be much cheaper than paying tuition at comparable private schools for 3 kids. I am honestly not trying to be facetious with this post. I honestly want to know what's stopping someone from buying a beutiful house in a bad part of town, and securing a top rated public school district with a condo spot, or by pretending their kids live somewhere else. If it is possible, how many people are already doing this? And how can the sky high Mclean property values be supported by school zone exclusivity if just anyone could simply buy into their school district with half the price of a McLean school district home.[/quote] Why would you want to buy a home in the “bad” part of town? I know some folks in DC do something like this, but they may actually live in Capitol Hill or another part of town that is actually quite nice, but just has bad schools. Wouldn’t the commute in your example above be fairly miserable for your kids…I don’t know NoVa all that well, but thought Prince William county is fairly far from McLean. I guess it’s possible your kid once they hit say 15 or so actually lives in the condo M-F. There is no reason you can’t do it…you want to have whatever is county-based to use the Tyson’s address (voting? Not sure if car registration is county-based) and have some mail sent to the Tyson’s address. So many bills and what not are online and you don’t even receive snail mail…so maybe use the Tysons address for all mail.[/quote]
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