Reply to there is only one Montgomery County School District

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I agree and would only add that no one pays &quot;higher property taxes&quot; (a comment that typically goes hand-in-hand with, &quot;and therefore we pay for better schools.&quot;).  We all pay the same tax rate.

The point of a county-based school system (as opposed to a town-based one) is uniformity of resources/opportunities/education county-wide.  There are no &quot;higher property taxes&quot; districts.  There is ONE school district.[/quote]

I agree, and to this point, people often say that they pay more for their house so they should get better schools. Well, if the housing downturn has taught anything it's that the market is not always &quot;right.&quot; It's possible you paid more for your house and your child's school is not in fact &quot;better&quot; than a nearby one where houses cost less. Or, it's possible you paid more for your house because people pay a premium to send their children to schools with more white children because they are more comfortable with that. There are no guarantees your housing choice was correct, or that the price of your house will not go down in the future.[/quote]

Another point of clarification. There is definite link, establish in copious economic literature, that a house in better school districts cost more than the same house in a bad school district. The causation is easy to follow: people want to live in good school districts so they big more aggressively on those houses. 
Also, to the extent the economic downturn affected the DC area, it has lowered all boats proportionately. It's still true that a 3-BR colonial on 1 acre will cost more in Bethesda (green zone) than in Takoma Park (Red Zone), with perhaps a few changes within small pockets, but on average.

It may not make it right, and it doesn't guarantee that the same school will be good 20 years from now. But on average, and within the span of a few years, the house green zone (schools considered good) will be more expensive than the same house in the red zone.  [/quote]

No - the DC area has not been proportionately affected.  We have friends that live in areas such as Manasas, Frederick etc with homes that have lost 40% of their value from 2005 values.   Our home recently appraised at, and has similar models selling for about (or 20-30 grand less) than what we paid for it at the absolute peak of the market in 2005.  That $20-30 grand amounts to &lt;5% drop in our neighborhood.  Homes in nice neighborhoods, closer in (ie. Bethesda) have not been nearly as hard hit percentage wise.

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