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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Agree with PP - Wtf is JKLMM? [/quote]

If you want to comment intelligently on real estate in DC on a forum like DCUM, you'd should know school districts--because like every other real estate market, the quality of schools in DC greatly affect home prices. JKLMM= Janey, Key, Lafayette, Murch, Mann. These are considered the top public elementary schools in DC. They are all located in expensive neighborhoods in NW DC. That's why a home that costs $600K in a JKLMM district, which is on the low end, will probably maintain its price--demand to get into these neighborhoods is high and the supply of these "entry-level" homes is relatively low. Homes that go for $1M or more in these neighborhoods are more likely to drop in price--demand is lower at this price point and the supply is relatively stable.[/quote]

Except, people don't buy for elementary schools. They buy for middles and high schools.

If YOU want to comment intelligently don't use obscure acronyms and shorthand and huff that we don't know what you're prattling on about.[/quote]

New poster here - I clicked on this topic to discuss DC real estate but how can we when people are called JKLMM an obscure acronym? The PP isn't prattling on. She's saying the facts.

Yes, people DO buy houses in the JKLMM areas for the elementary schools. Some hope that Deal and Wilson work out for their kid but most are open to going private by then.[/quote]

I detect a sock puppet.
[/quote]

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