Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
Tilden/Luxmanor/North Farm area has many things going for it. It is walkable, safe and close to pretty much everything. It is more beautiful than large part of the new WJ area. It is not all about the HS. Plus Tilden MS may end up being better after all MCPS reshuffle is done and, because of the new magnet system, many high achieving kids will end up going to WJ anyway.
Yes, there will be some panicky snowflakes that will rush to throw a fortune for mediocre SFHs in the new WJ zone but that doesn't mean that Tilden homes will drop in value.
HS is very importrant factor in house prices. Not the only factor but veyr important factor. It will be irrational to think that 15% FARMS and 35% FARMS are going to have same value with everything else being equal.
So let's assume that HS is very important for some buyers. They don't look at FARMS, they look at school ranking. So 2-3 years from now, they will start seeing Woodward and its ranking, instead of WJ. WJ is currently an OK school. It is not like they are killing it academically. Buyers see 9/10 ranking for WJ and that sounds good. If FARMS are such a good predictor, Woodward will be closest to Quince Orchard HS (see the list earlier in this thread) which today sets at 8/10. This hardly calls for a "massive hit" for home values. Not to mention that many buyers don't care about HS as they send kids to private schools anyway, or have older kids or no kids at all.
Anonymous wrote:Anonymous wrote:Anonymous wrote:The real winners (purely from a property values perspective) are the ones in the part of the Woodlin ES district getting reassigned from Einstein to B-CC.
Yes this is 100% true. Also VM will see property value increase (switching from Wheaton full of FARMS kids to brand new Woodward where they will be joined by wealthy Luxmanor and Farmland kids). Will not be as major of a jump as Einstein to BCC but I'd still expect a jump
What’s the dividing line for woodlin schools getting assigned to BCC?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
Tilden/Luxmanor/North Farm area has many things going for it. It is walkable, safe and close to pretty much everything. It is more beautiful than large part of the new WJ area. It is not all about the HS. Plus Tilden MS may end up being better after all MCPS reshuffle is done and, because of the new magnet system, many high achieving kids will end up going to WJ anyway.
Yes, there will be some panicky snowflakes that will rush to throw a fortune for mediocre SFHs in the new WJ zone but that doesn't mean that Tilden homes will drop in value.
HS is very importrant factor in house prices. Not the only factor but veyr important factor. It will be irrational to think that 15% FARMS and 35% FARMS are going to have same value with everything else being equal.
Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
Tilden/Luxmanor/North Farm area has many things going for it. It is walkable, safe and close to pretty much everything. It is more beautiful than large part of the new WJ area. It is not all about the HS. Plus Tilden MS may end up being better after all MCPS reshuffle is done and, because of the new magnet system, many high achieving kids will end up going to WJ anyway.
Yes, there will be some panicky snowflakes that will rush to throw a fortune for mediocre SFHs in the new WJ zone but that doesn't mean that Tilden homes will drop in value.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
This. Also FARMS likely to be even higher, since wealthier Tilden/Luxmanor/North Farm families will opt out for privates.
And smart kids will opt out for magnets.
There aren’t nearly enough private and magnet spots for everyone who wants them.
Sorry, people need to cope with 1/3 (the horror!) of the student body receiving free/reduced meals. promise you the sky will not fall on your snowflakes.
Anonymous wrote:Is anyone investing in the Viers Mill and Wheaton Woods cachements? Or is it too late?
Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
Anonymous wrote:Anonymous wrote:The real winners (purely from a property values perspective) are the ones in the part of the Woodlin ES district getting reassigned from Einstein to B-CC.
Yes this is 100% true. Also VM will see property value increase (switching from Wheaton full of FARMS kids to brand new Woodward where they will be joined by wealthy Luxmanor and Farmland kids). Will not be as major of a jump as Einstein to BCC but I'd still expect a jump
Anonymous wrote:Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
This. Also FARMS likely to be even higher, since wealthier Tilden/Luxmanor/North Farm families will opt out for privates.
And smart kids will opt out for magnets.
Anonymous wrote:Anonymous wrote:Tilden/Luxmanor/North Farm area should take a massive hit in few years when everyone will know that school is not WJ and not even slightly worse but with FARMS rate in 35-40%.
This. Also FARMS likely to be even higher, since wealthier Tilden/Luxmanor/North Farm families will opt out for privates.
Anonymous wrote:It’s outrageous that MCPS and local politicians are social engineering WJ and Woodward, two schools about a mile a part, into vastly different environments that will result in different outcomes for its students; and (since this is the Real Estate thread) the unfair effect it has on neighborhoods like Old Farm and Lux Manor. The school board and superintendent could easily equalize the FARMS distribution to make both schools better for all students, but they DIDN’T. They chose to concentrate FARMS kids in Woodward instead of a more even distribution with WJ. It makes no sense, so the question is WHY? Where do these decision makers or their love ones live? Did someone get a kickback?