Anonymous
Post 11/16/2023 22:31     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Many with generational wealth don't care that much about the academic rigor of a school. They're perfectly happy sending their kids to Landon or Bullis or Fields or wherever their kid is happy. And then they go off to a LAC or an SEC and have a good time unencumbered by the need to earn a living.

The wealthy with more ambition for their kids will do schools like Sidwell or St. Albans. And very often public. There are definitely very wealthy families sending their kids to schools like Whitman. Like any school decision, a lot of it is kid dependent. But it's a broad mix.
Anonymous
Post 11/16/2023 22:12     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:There is a sizable number of families that have significant wealth that don't live in the $8M mansions in Normanstone-Woodley. They live in their "normal" $2M homes in AU Park, Chevy Chase, Kent, Berkeley, Spring Valley that they bought when their kids were younger and have stayed in their homes. One parent is a big law parter bringing in $2M+ a year for over a decade, the other is a SAHM or works for a non-profit/NGO/school/university. They have 2-3 kids attending private school, donate regularly to the school(s), have a second home that they don't need to rent out, and generally live unremarkable lives. The families that splash out aren't necessarily the wealthiest in DC--that's just not the DC vibe. Educational pedigree and low key striver are the hallmarks of this set.


Blah blah blah. Every city has this low key wealthy demographics. We're not talking wealthy. We're talking about genuinely rich. Maybe they only have a 4-5M house in DC but they'll have a 10 M house on Nantucket. Plus a 25M house in Miami. And Aspen. And London. There's an entire different milieu of wealth that most of you have no real exposure to and have no real idea how they live.

Look, having 10M in the bank and a 2M house in CC plus a 1M summer house on Cape Cod (maybe now worth closer to 2M but you paid 1M for it ten years ago) is entirely different from having a net worth in the hundreds of millions into billions. Even just 100M is wholly different from low key gentry Chevy Chase.


Omggg this. Thank you for this.
Anonymous
Post 11/15/2023 14:07     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:Just admit it: Americans love big houses because we associate it with status. Don’t try to justify it beyond that.


SO funny. We Just bought a a house with 96 acres in Wyoming. On the other hand, we just bought a two bedroom condo in Italy. Prices for the two were only different by $800,000. Status? Not sure. We are blessed.


Gorgeous countryside in both!
Anonymous
Post 11/14/2023 22:07     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:Public s hook that’s why we have that kind of money and if we do private it’s boarding there are no awesome privates in the DMV.

My peers send their kids to public and places like Andover not DMV privates that are worse than public in science and math.

No one with real money sends their kids to religious privates lol 😂 they want their kids educated fully no half assed with religion as a priority



Take a look at the student roster at Prep and Stone Ridge...more than few families with net worths from 100 million to close to a billion...think Marriotts.


Lol big whoop that’s like two families max

We are in that category you mention, boarding school or public.maybe a private in Manhattan. How do you think we keep our money?
Anonymous
Post 11/14/2023 22:00     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:My kid is at Norwood. She’s one of the few kids in her class who doesn’t live in a huge house in Bethesda, Potomac, or Chevy Chase.

We went to a party on Saturday at a family’s house. It’s a 7,200 sq ft home.


My kids are also at Norwood and we live in one of those houses.

It’s not what this thread is talking about - houses that cost $5M+ in Bethesda/Potomac/CC are small estates with 10,000+ sqft and a guest house. I have a friend who lives in that kind of house and she has multiple staff.

My kids think those houses are big. While there are some kids at Norwood in those houses (probably at most of the schools in the area) it’s not typical.


lol ok. Your kids need more perspective. You live in a mansion.

We live in a 3,000 sq ft townhouse. Your kids probably would think we live in a shack. Ironically, our HHI is north of $1 million. We just don’t feel the need to have a ridiculous house.


Weird of you to flex a tiny house. Some of us have bigger needs.


No one needs a 5,000+ sq ft house.

It’s wasteful.


Some of us absolutely do. How clueless you are.


Explain to me why you have to have a 5,000 sq ft house.


Some of us regularly have to entertain large parties as part of our jobs.

Some of us have frequent house guests or multi-generation households.

Some of us have larger houses to more easily avoid family members.


Yeah, most of the families I know who have houses that big don’t fit into the top 2 categories. And the third one is just sad.


nah, those are actually perfectly great reasoms for a big house. did not read the rest and maybe poster
is otherwise terrible
Anonymous
Post 11/14/2023 21:56     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.


in nyc, a few very very rich friends send their kids to uber fancy schools in manhattan i never heard of (elementary and below kids). my generally well off friends, some rich, all do public. maybe they will go to daltons and trinitys for high school. also find it interesting (or they didnt get in)
Anonymous
Post 11/10/2023 01:20     Subject: Re:Where do the people in the $6/7/8m+ mansions in send their kids?
One close family friend who lives in one of their residences at a luxury hotel not shy of $10m pulled their children out of a top 5 school and now has their kids attending an online school; the school offers more AP classes than the prior school, the family takes way more trips, and their kids have more time to play sports. I saw the kids' grade registry list, and the last names were shocking: many tech CEOs and high-profile families who I assumed probably sent their kids to boarding school. I even thought about moving my DS to the same school online, but I'd rather pay 60k for boarding than online school.
Anonymous
Post 11/10/2023 00:51     Subject: Re:Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:Boarding school with a capital B, either Swiss if they live in a $20m compound or East Coast schools like Deerfield, Choate, Exeter and Andover. There is a negative perception about parents not loving or not wanting to spend time with their kids if they send their children to boarding school, which is not the case for everyone. Boarding school also offers a way for students to connect with others they would have never met if they stayed local. A lot of students in 8th grade decide they want a different environment in HS.
If it's local, Sidwell, Potomac, Bullis, Landon STA/NCS/LAN/HAS...most of the time non-Catholic schools unless the family is a religious local old generational family $$$, if the student has learning accommodations or wants a more relaxed environment, Field.

There are plenty of families who live in $6m+ homes and have FA .


+10000 Esp the last point, it's too common folks!
Anonymous
Post 11/10/2023 00:47     Subject: Re:Where do the people in the $6/7/8m+ mansions in send their kids?
Boarding school with a capital B, either Swiss if they live in a $20m compound or East Coast schools like Deerfield, Choate, Exeter and Andover. There is a negative perception about parents not loving or not wanting to spend time with their kids if they send their children to boarding school, which is not the case for everyone. Boarding school also offers a way for students to connect with others they would have never met if they stayed local. A lot of students in 8th grade decide they want a different environment in HS.
If it's local, Sidwell, Potomac, Bullis, Landon STA/NCS/LAN/HAS...most of the time non-Catholic schools unless the family is a religious local old generational family $$$, if the student has learning accommodations or wants a more relaxed environment, Field.

There are plenty of families who live in $6m+ homes and have FA .
Anonymous
Post 11/09/2023 23:09     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:Just admit it: Americans love big houses because we associate it with status. Don’t try to justify it beyond that.


SO funny. We Just bought a a house with 96 acres in Wyoming. On the other hand, we just bought a two bedroom condo in Italy. Prices for the two were only different by $800,000. Status? Not sure. We are blessed.
Anonymous
Post 11/09/2023 17:49     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:Public s hook that’s why we have that kind of money and if we do private it’s boarding there are no awesome privates in the DMV.

My peers send their kids to public and places like Andover not DMV privates that are worse than public in science and math.

No one with real money sends their kids to religious privates lol 😂 they want their kids educated fully no half assed with religion as a priority



Take a look at the student roster at Prep and Stone Ridge...more than few families with net worths from 100 million to close to a billion...think Marriotts.


The Marriott patriarch is a billionaire. His kids aren't.
Anonymous
Post 11/09/2023 15:22     Subject: Re:Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:Once again....boarding school...for people who don’t love their children and don’t want to be around them
Anonymous
Post 11/09/2023 14:33     Subject: Re:Where do the people in the $6/7/8m+ mansions in send their kids?
Once again....boarding school.
Anonymous
Post 11/09/2023 14:31     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:My kid is at Norwood. She’s one of the few kids in her class who doesn’t live in a huge house in Bethesda, Potomac, or Chevy Chase.

We went to a party on Saturday at a family’s house. It’s a 7,200 sq ft home.


My kids are also at Norwood and we live in one of those houses.

It’s not what this thread is talking about - houses that cost $5M+ in Bethesda/Potomac/CC are small estates with 10,000+ sqft and a guest house. I have a friend who lives in that kind of house and she has multiple staff.

My kids think those houses are big. While there are some kids at Norwood in those houses (probably at most of the schools in the area) it’s not typical.


lol ok. Your kids need more perspective. You live in a mansion.

We live in a 3,000 sq ft townhouse. Your kids probably would think we live in a shack. Ironically, our HHI is north of $1 million. We just don’t feel the need to have a ridiculous house.


North of 1 million is nothing. North of 20 million, now we are talking real money.


Either a troll or pathetic. Can’t decide which.


Can't decide if you are a hater or just poor.


DP
I absolutely CAN DECIDE that you're both immature and probably not what you say you are on this anonymous forum.
Anonymous
Post 11/07/2023 23:12     Subject: Where do the people in the $6/7/8m+ mansions in send their kids?
Anonymous wrote:Public s hook that’s why we have that kind of money and if we do private it’s boarding there are no awesome privates in the DMV.

My peers send their kids to public and places like Andover not DMV privates that are worse than public in science and math.

No one with real money sends their kids to religious privates lol 😂 they want their kids educated fully no half assed with religion as a priority



Take a look at the student roster at Prep and Stone Ridge...more than few families with net worths from 100 million to close to a billion...think Marriotts.