Anonymous
Post 03/20/2015 08:35     Subject: What would you pay for your dream charter or DCPS?
Funny you should ask this. I have wondered if at some point a bunch of parents would band together and say we want to start a charter school. We'll each put in $X in as seed money, be founders and be guaranteed to get in. If the sums were large enough and enough parents were involved, you could have a good start on the resources for a charter school. Wouldn't be enough to build a school (unless you were talking very large sums or a lot of people), but would certainly be enough to start up. Of course, if it were a bunch of wealthy Ward 3 families that did this, I'm sure support for charter schools in the city would take a hit.
Anonymous
Post 03/20/2015 08:28     Subject: Re:What would you pay for your dream charter or DCPS?
Anonymous wrote:
Anonymous wrote:Not talking about house prices. If you're already in your dream school, no need to opine. Just asking those that are playing lottery. How much would you pay to "win" your lottery choice? Again, not asking how much more you would pay to buy into the neighborhood. How much would you pay as a one time fee to win OOB or Top charter spot?


Wow, you are really focused on this question OP! Before I offer my answer, I'd like to know why you're so curious about this?


It started out as a game to see what lengths people were willing to go to get into their dream school. It os now an argument about house prices. I thought it would be fun to break the ice while we await our lottery results. Guess we can never have fun on DCUM.
Anonymous
Post 03/20/2015 08:27     Subject: Re:What would you pay for your dream charter or DCPS?
Anonymous wrote:homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.

I love Shaw!
Anonymous
Post 03/20/2015 08:26     Subject: Re:What would you pay for your dream charter or DCPS?
Anonymous wrote:single family average sales last 6 months (ending Jan 31, 2015). Can we get back to question now?

Kalorama $3,536,246
Wesley Heights $1,992,631
Georgetown $1,932,808
Spring Valley $1,678,669
Berkley $1,634,392
Forest Hills $1,523,569
Woodley Park $1,497,377
Cleveland Park $1,464,846
Kent $1,442,154
Cathedral Heights $1,242,138
The Palisades $1,215,062
Wakefield $1,106,292
Friendship Heights $1,028,162
Barnaby Woods $995,654
Chevy Chase $946,208
Crestwood $936,908
American University Park $928,754
North Cleveland Park $919,908
Colonial Village $912,292
Capitol Hill $811,569
Shaw $790,177
Sixteenth Street Heights $722,215
Shepherd Park $716,477
Near Northeast $606,415
Brightwood $591,308
Petworth $546,008
Columbia Heights $544,092
Takoma $519,015
Brookland $491,854

Average are be tricky. You have to compare similar units (in terms of number of bedrooms, amenities, etc) Yhat data has clearly a composition effect that makes impossible taking any conclusions from it. A lot on new 1 bedrooms Shaw, for example....
Anonymous
Post 03/20/2015 08:23     Subject: What would you pay for your dream charter or DCPS?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:One time fee and you're in for life.

I think I'd pay $10,000.


This is implicit in the gap between similar homes in different neighborhoods with differing schools. I'd say the market prices a good neighborhood school at at least $100,000, maybe $150,000. Makes sense when you consider the price of private schools.


Maybe to an extent but there are many exceptions. Brookland does not have school offerings but houses going for $1m. People don't only consider schools when buying in DC.

Same for Shaw and Mount Vernon Triangle! Even for Penn Quarter also.
Anonymous
Post 03/20/2015 07:59     Subject: Re:What would you pay for your dream charter or DCPS?
Anonymous wrote:Not talking about house prices. If you're already in your dream school, no need to opine. Just asking those that are playing lottery. How much would you pay to "win" your lottery choice? Again, not asking how much more you would pay to buy into the neighborhood. How much would you pay as a one time fee to win OOB or Top charter spot?


Wow, you are really focused on this question OP! Before I offer my answer, I'd like to know why you're so curious about this?
Anonymous
Post 03/20/2015 07:57     Subject: Re:What would you pay for your dream charter or DCPS?
Anonymous wrote:homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.


Yes, sometimes other factors offset the poor schools. But overall there is a very strong correlation between school quality and home prices. It was very evident when we were househunting. When there are two houses in two neighborhoods with all other things being roughly equal, good schools add a big premium.
Anonymous
Post 03/19/2015 23:51     Subject: Re:What would you pay for your dream charter or DCPS?
single family average sales last 6 months (ending Jan 31, 2015). Can we get back to question now?

Kalorama $3,536,246
Wesley Heights $1,992,631
Georgetown $1,932,808
Spring Valley $1,678,669
Berkley $1,634,392
Forest Hills $1,523,569
Woodley Park $1,497,377
Cleveland Park $1,464,846
Kent $1,442,154
Cathedral Heights $1,242,138
The Palisades $1,215,062
Wakefield $1,106,292
Friendship Heights $1,028,162
Barnaby Woods $995,654
Chevy Chase $946,208
Crestwood $936,908
American University Park $928,754
North Cleveland Park $919,908
Colonial Village $912,292
Capitol Hill $811,569
Shaw $790,177
Sixteenth Street Heights $722,215
Shepherd Park $716,477
Near Northeast $606,415
Brightwood $591,308
Petworth $546,008
Columbia Heights $544,092
Takoma $519,015
Brookland $491,854
Anonymous
Post 03/19/2015 23:06     Subject: Re:What would you pay for your dream charter or DCPS?
homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.

Uh, this is not true. Have you checked out prices in Logan or Shaw lately? Demand is much higher in these areas right now.
Anonymous
Post 03/19/2015 23:06     Subject: Re:What would you pay for your dream charter or DCPS?
Not talking about house prices. If you're already in your dream school, no need to opine. Just asking those that are playing lottery. How much would you pay to "win" your lottery choice? Again, not asking how much more you would pay to buy into the neighborhood. How much would you pay as a one time fee to win OOB or Top charter spot?
Anonymous
Post 03/19/2015 21:36     Subject: What would you pay for your dream charter or DCPS?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:One time fee and you're in for life.

I think I'd pay $10,000.


This is implicit in the gap between similar homes in different neighborhoods with differing schools. I'd say the market prices a good neighborhood school at at least $100,000, maybe $150,000. Makes sense when you consider the price of private schools.


Maybe to an extent but there are many exceptions. Brookland does not have school offerings but houses going for $1m. People don't only consider schools when buying in DC.


homes going for 1M in Brookland are the exceptions not the norm. areas with better schools like CC homes have generally higher prices. I think schools are very important in home buying decisions for families.
Anonymous
Post 03/19/2015 21:27     Subject: What would you pay for your dream charter or DCPS?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:One time fee and you're in for life.

I think I'd pay $10,000.


This is implicit in the gap between similar homes in different neighborhoods with differing schools. I'd say the market prices a good neighborhood school at at least $100,000, maybe $150,000. Makes sense when you consider the price of private schools.


This.


I don't agree with this analogy. Like said above, paying an extra $100k doesn't mean you paid $100k premium that you're not getting back just for schools. When you sell, you will get that $100k back. The question is how much would you pay out of pocket, not how much would you increase your investment out of pocket.
Anonymous
Post 03/19/2015 21:17     Subject: What would you pay for your dream charter or DCPS?
Anonymous wrote:
Anonymous wrote:One time fee and you're in for life.

I think I'd pay $10,000.


This is implicit in the gap between similar homes in different neighborhoods with differing schools. I'd say the market prices a good neighborhood school at at least $100,000, maybe $150,000. Makes sense when you consider the price of private schools.


This.
Anonymous
Post 03/19/2015 21:13     Subject: What would you pay for your dream charter or DCPS?
This is an interesting question. We currently pay $34,000 a year to avoid Murch and now Deal.

So I guess if there was a DCPS that did what our current school did, the answer to OP's question would necessarily be $34,000.
Anonymous
Post 03/19/2015 21:12     Subject: What would you pay for your dream charter or DCPS?
This is an interesting question. We currently pay $34,000 a year to avoid Murch and now Deal.

So I guess if there was a DCPS that did what our current school did, the answer to OP's question would necessarily be $34,000.