Reply to Concerned about buying in WJ cluster because of re-zoning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
Some of the posts in this thread are out of line, but 100K house price reduction can be hard for families stretching it to get to WJ right now. Everyone doesn't make 400K of 800K HHI cited above in this thread. 100K reduction may not matter than much if you hake 400-800K. Some perspective is needed from both sides. [/quote]

You'er delusional if you think houses in the WJ area are going to decrease by $100,000. If schools were so central to housing prices homes in Takoma Park wouldn't be selling for $1M. That's because it's about location first and foremost, and traffic is going to be much worse 3-4 years from now when Woodward opens, which is going to make location even more important.

Homes in the Town of Kensington within walking distance to the shops, Safeway and MARC are still going to be expensive because of the location. Homes near Rockville Pike, Pike and Rose, the White Flint development and two Metros are still going to be expensive because of location. Even homes in Alta Vista will still be expensive because of their proximity to Bethesda and it's $2M+ homes.

Location, location, location. The only area I can see [i]maybe [/i]taking a hit maybe is the area zoned for Farmland, which isn't close to really anything except 270.[/quote]

I am not the PP, but it's easy to attack others by saying that they are delusional. If you think house prices doesn't have any relationship with school, then you are free to think so. I work in housing related industry and 7 out 10 buyers are buying in certain areas due to school. There will be always buyers who have no kids or plan to send their kids to private, but they are not majority of buyers. Majority of buyers of SFH do send their kids to public school.

Your argument doesn't make sense at all. There will be always few homes selling for 1M in some pockets even if school is not very high in test scores. Now if you add high test scores then it's common sense that it will become more desirable. Your argument that school doesn't matter as long as commute is short is 100% wrong. RM has a good reputation, but houses are least expensive in Twinbrook despite being in RM and despite being walk to metro. Reason is simple, TB elementary school is very low performing school and that makes it undesirable for many parents with young kids despite being so close to metro.

School is surely a huge factor and some places it may play less role than others, but it will be a factor unless all houses are 2M+ where kids only attend private schools.[/quote]

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