Reply to Your experience with a 40% FARMS rate Middle School

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know this is a very unpopular thing to say but I wouldn’t want to lose 100-200k home value.  We aren’t a super rich family that could easily afford to lose that equity.[/quote]

There are plenty of middle class families in MoCo who have a lot of their net worth tied up in their home value.  This is an expensive area.

People are dismissive of that concern, but it’s a reasonable one.

[/quote]

It's a reasonable concern for individual property owners to have.

It's not a reasonable factor for the Board of Education to take into account while making decisions about public school boundaries.[/quote]

By rezoning, property values will indeed go down, which translates into this: People with means will go private or move.  Once you lose the wealthy folks who are keeping Mo Co afloat, you lose the tax base that supposedly made the schools strong and attractive to those within and outside of the area.

A poorer population means schools don't have the resources to provide for those who are struggling.

So the BOE may get its wish, but it's a temporary solution b/c performance is what the state is looking at.  And moving around children as though they're game pieces isn't a long-lasting solution.[/quote]

Property values will only go down insofar as (1) they were artificially inflated by the current school boundaries and (2) people panic about the new boundaries and all put their properties on the market at once (which would be dumb).

And keeping children in overcrowded schools with outdated boundaries isn't a long-lasting solution, even if you did pay too much for your property.[/quote]

Wow. You're a dumb aren't you.

Property values were never artificially inflated--the market determined the value of a property based on that properties characteristics at the time of sale.

And there doesn't have to be an immediate influx of sell side liquidity to change the market. They just have to change the characteristics of the property such that buyers don't want it as much anymore. Change the boundaries, and that's exactly what you'll get. [/quote]

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