Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:So, people renting a two bedroom in Oyster, you will rent from K-8, for $3k/mo? Do you feel like there is a downside to not owning a home and putting money towards a mortgage? Is it hard to save for college? I know these things are all relative, but just having trouble picturing renting for 10 years, no matter how awesome the school.
It's a lot easier if you are only paying $1900-2300 per month. I think the only folks who stay that long are the ones who have the few, coveted, rent controlled apartments.
There are more of these types of units farther up Connecticut, by the way. But they aren't in the Oyster boundary, and the rent advantage to the market isn't as stark.
Do they make people re-lottery in after moving OOB now? That was mentioned on another thread, but no one has ever stated they had to do it, so it seems like an empty threat? Though not sure I want to be the tester...
It's at the principal's discretion. The "move OOB and then try your luck in the lottery" policy is posted on Oyster's website, as well as near the door in the front office. If someone wants to try that strategy, they should just be prepared for the consequences. It may work out, but it may not. If it doesn't work, make sure you have a back-up school ready...or the means to move back IB.
Anonymous wrote:Anonymous wrote:Anonymous wrote:So, people renting a two bedroom in Oyster, you will rent from K-8, for $3k/mo? Do you feel like there is a downside to not owning a home and putting money towards a mortgage? Is it hard to save for college? I know these things are all relative, but just having trouble picturing renting for 10 years, no matter how awesome the school.
It's a lot easier if you are only paying $1900-2300 per month. I think the only folks who stay that long are the ones who have the few, coveted, rent controlled apartments.
There are more of these types of units farther up Connecticut, by the way. But they aren't in the Oyster boundary, and the rent advantage to the market isn't as stark.
Do they make people re-lottery in after moving OOB now? That was mentioned on another thread, but no one has ever stated they had to do it, so it seems like an empty threat? Though not sure I want to be the tester...
Anonymous wrote:Anonymous wrote:So, people renting a two bedroom in Oyster, you will rent from K-8, for $3k/mo? Do you feel like there is a downside to not owning a home and putting money towards a mortgage? Is it hard to save for college? I know these things are all relative, but just having trouble picturing renting for 10 years, no matter how awesome the school.
It's a lot easier if you are only paying $1900-2300 per month. I think the only folks who stay that long are the ones who have the few, coveted, rent controlled apartments.
There are more of these types of units farther up Connecticut, by the way. But they aren't in the Oyster boundary, and the rent advantage to the market isn't as stark.
Anonymous wrote:I met a lady who lives in Prince George's and her kid goes to Oyster. Apparently they got in under some special exception for DC government workers children.
Anonymous wrote:So, people renting a two bedroom in Oyster, you will rent from K-8, for $3k/mo? Do you feel like there is a downside to not owning a home and putting money towards a mortgage? Is it hard to save for college? I know these things are all relative, but just having trouble picturing renting for 10 years, no matter how awesome the school.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:"Pay up or double up" is right. We live in a 2BR, ~1000sf apartment on Connecticut, ~$1900/mo, 2 children. The houses near us are in the $1M range. We will not move until we're out of Oyster no matter HOW big they get.
that sounds like a steal!
That's one of the small number of rent controlled apartments referenced earlier in the thread, I am sure. Market rent in the Oyster zone for that type of apartment is $2750-3000.
What?? I'm looking for a place and don't even see one bedrooms for that. What building?
Anonymous wrote:Anonymous wrote:Anonymous wrote:"Pay up or double up" is right. We live in a 2BR, ~1000sf apartment on Connecticut, ~$1900/mo, 2 children. The houses near us are in the $1M range. We will not move until we're out of Oyster no matter HOW big they get.
that sounds like a steal!
That's one of the small number of rent controlled apartments referenced earlier in the thread, I am sure. Market rent in the Oyster zone for that type of apartment is $2750-3000.
Anonymous wrote:I met a lady who lives in Prince George's and her kid goes to Oyster. Apparently they got in under some special exception for DC government workers children.
Anonymous wrote:^^ Oh, there is one other rowhouse on the market on that street, but I didn't see it because it's "by appointment only." Maybe the $2.5 million dollar price tag has something to do with it.
Anonymous wrote:Anonymous wrote:"Pay up or double up" is right. We live in a 2BR, ~1000sf apartment on Connecticut, ~$1900/mo, 2 children. The houses near us are in the $1M range. We will not move until we're out of Oyster no matter HOW big they get.
that sounds like a steal!