Reply to How did Herndon/Westfield HS go from top to bottom?

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[quote=Anonymous][quote=Anonymous]Then I sell and get a less expensive house in one of those lovely tree-lined streets in Herndon (hopefully near the rec center)

While my house may have lost value, it’s still relatively high because it’s in Great Falls.

I bank the difference and send my child to Herndon or pay for private school with the savings if I just really insist my child won’t be a Hornet.

The person who bought my house knows that the school zone has changed, and they saved some cash because of it.[/quote]

This is flawed logic.  The second a new redistricting map starts circulating, even before it's official, houses moved from Langley to Herndon lose 25% of their value.  Instantly.  Don't believe me?  Look at the difference in home prices along Fairfax County Parkway that are zoned for Forestville vs. Armstrong - consistently 20-25% less in Armstrong .  Here are two actual examples that sold recently:

https://www.redfin.com/VA/Herndon/12104-Courtney-Ct-20170/home/9121088 - zoned for Amrstrong - sold for $800k = $188 per square foot
https://www.redfin.com/VA/Herndon/12111-Snow-Shoe-Ct-20170/home/9077314 - zoned for Forestville - sold for $915k =- $287 per square foot

Forestville sells for 53% more than Armstrong.  Yeah, the Forestville house has one more b edroom and a slightly lager lot, but still.  53% more.  These homes are 1,850 feet apart.  That's the difference between a 9/10 and a 2/10 school district.

If you own one of those houses and you're lucky, you're under 75% loan-to-value on your mortgage and not underwater.  But you would have to have put down a big down payment and paid your mortgage for many years for that to be the case.  If not, you're underwater.  Can't sell your house and make a profit at all, which means no downpayment even for that "less expensive" house down in Herndon (which probably got a little more expensive because Herndon might now be a 4 instead of a 2.

So you're stuck.  Cant' sell, can't move, and certainly can't afford private school because you stretched to be able to put your kid into a great school.

And people wonder why Great Falls parents fight this socioeconomic boundary nonsense.[/quote]

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