Reply to $330k income - house buying

Forum Index » Real Estate

Reply to "$330k income - house buying"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are also two GS-15s with two kids and we spent $500k. I would be very uncomfortable spending $1.4m. [/quote]

Where the heck do you live? Manassas??[/quote]

Lorton. We bought almost 6 years ago and have done some updating since then.  I'll caveat, that if we were to sell today, our house would sell for in the mid $700s. [/quote]

Okay, listen if homes go for $700k in BFE Lorton (which is a lovely neighborhood but REALLY FAR AWAY), what options do dual-GS15 have with a closer commute and good schools?  I think they are spending st least a $1M, one way or the other (spend less close in but needs tons of work right away)[/quote]

Close in Silver Spring. Close in Tacoma Park.

For example,  https://www.realtor.com/realestateandhomes-detail/520-Ashford-Rd_Silver-Spring_MD_20910_M54127-61743?view=qv[/quote]

Again that is $800 entry price and all these old homes have $$$$ repairs and maintenance even when freshly painted.

Plus, GS 4 for Northwood would be good schools?? [/quote]

I don't know what you mean by "entry price" in looking at a house that has modern bathrooms, a very functional kitchen, a roomy foyer and living spaces, a nice yard, and is walkable to downtown Silver Spring and Metro.  I don't see any $$$ repairs based on the photos, either.  Can you clarify what you mean by that?

I don't use Great Schools as a proxy for school quality, so "GS 4" means nothing to me.  I do, however, know a lot of highly successful Northwood HS graduates and professional parents who are happy sending their kids there.[/quote]

Out of curiousity, what DO you use as a proxy for school quality? Right now your answer is a couple of anecdotes...[/quote]

NP, but I look at how kids do that are in MY SES group. In many of these schools, it is the FARMS families bringing the rankings down, but if you drill into the stats, the kids who are not farms are doing great.  If those kids are doing well, not sure why mine wouldn't either? I think it is safe to assume that if someone has a 330K income and are buying a home with a GS rating of 4, but the kids who are high SES are doing just as well as other high SES kids in a GS ranking school of 8, will thrive despite the drag on the stats.

I'd only be worried if my kid was recieving FARMS and wonder if my kid would also not be able to hit the basic academic bar.[/quote]

I am UMC but attended a low ranked high FARMS school as a kid.

Trust me your kid will be impacted. From the benign, where class time is wasted EVERY day with repeated discipline and remedial lessons, to bullying, to the worst where your kids get sucked into a group not destined for college (like a contender for class Valedictorian who got side tracked into a slacker drug group from an art class, and never even went to college).

Peer effects are real; and I want the majority of my DS classmates to be aiming for college. Many FARMS families are in fact academic minded, and hope for college, and that’s why we now attend a school with superb test scores and a 40% FARMS rate — they do exist, but generally housing won’t be cheap there. [/quote]

100% agree with this pp. It will impact your child negatively there is no question. The only people who don't believe this are people who prioritize feeling like they are "helping their community" more than they prioritize their actual children's educations and futures. [/quote]

I live in McLean now, but grew up in Alexandria. I went to Tuckee/Hammond/TC Williams  Hammond was ROUGH and I turned out more than fine. Went to UVA, went onto get my MBA and I'm [b]in IT sales, am a woman[/b], and make more money than I care to admit.

We grew up with very little money, but our parents ran a tight ship and had high expectations.  That goes much further than a GS rating of 10. I now have a 9th grader at Langly and a 7th grader at Kilmer and I'm not so impressed with the BS these high SES kids pull. Many of the parents are drunks, pill poppers or just don't seem to give many fu%is about what their kids are up to.[/quote]

Sorry, women in IT sales make it on good looks, not quality of education. You are also a single anecdote, and your success likely stems more from attractiveness than educational quality. Please prove me wrong, and state that you studied Econ at UVA and have a Wharton MBA — but you are still a single data’s point.

Your second paragraph is so crass and judgmental, I don’t know what to say.

[/quote]

LOL, I could prove you wrong by posting a picture. You don't need my transcripts.

Not sure why you would think I'd even have a business degree, I'm in TECHNOLOGY sales. UVA (double major EE & CS)then UC Berkeley M. Eng). I was then recruited to work in Palo Alto designing and engineering. I saw that the real money wasn't in building, but in selling what was developed. Moved with my current SV company to do federal sales 7 years ago and to be closer to family and for much lower COL and taxes.

Being an engineer, the misogyny never surprises me and you sure did deliver. Bravo! Cause ya know, a woman is never successful by her own merit, her value is always in her looks.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics