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Old 11-15-2010, 11:42 AM
 
85 posts, read 252,510 times
Reputation: 36

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Quote:
Originally Posted by TurtleCreek80 View Post
PLEASE SLOW DOWN!!!! You spent 1 week here and you're ready to put in an offer?? I find it funny- and you're certainly not the first person to do this- that you went on and on in earlier posts about how important GREAT schools are....then you end up ready to buy in McKinney.

Whoever sold you on this "As far as schools go, McKinney aren't as good as Plano but they are still great schools" sold you a bag of beans!! The McKinney schools are OK, at most. They are far far inferior to Plano. If you happen to have a child with learning disabilities one day, McKinney has 1 specialized teacher for the entire district (hundreds of kids). Plano has a LD specialist in every school, especially in elementary school where LD's are more easily identified and corrected.

Also, McKinney has a well-documented (on here as well as in the local news outlets) problem of IGNORING bullying, even covering it up from parents.

Furthermore, you can just TELL the difference in caliber student that each district prepares when meeting graduates. McKinney is not a hardcore, classical education, get kids prepared for Ivy, Ivy Plus, & Top Liberal Arts colleges program. It is a get kids past the TAKS test and into A&M, Texas Tech, Baylor, Texas State, and maybe a few get into the best public state school, UT-Austin.

There IS a big big differnce in the caliber of ISDs; if you're overlooking that, then maybe you're more focused on getting a bigger, newer home with a pool than you realize.

If you are soooo deathly afraid of making the wrong decision, RENT for a year or two so you have adequate time to visit the elementary, middle, and high schools in both districts. You'll also have more time to save money towards your home and maybe that would bump you into a better home in Plano or Allen, which also has excellent schools.
Thank you for your feedback. I really appreciate. Can you tell me where you learned that McKinney only has one specialized learning disability teacher for the entire district so that I can pull up this information? I could not find it online. I did call McKinney ISD and spoke to one of their LD Coordinators (I'm unsure if "Coordinator" is the right term.). She did state that every school in McKinney does not have an LD program but if a child has an LD program they are transported to the school with the LD program. She stated these programs rotate every five years from school to school.

The home we purchase is important. So is our future child's education. The homes we have been shown in Plano are very outdated. When you put money into the home you may only be able to get one fifth of it back. So our home purchase must also be a smart one. Even if this includes paying for private school in another area and living in McKinney as Pappy97 mentioned a friend of his does.

As far as pools go...we've given that idea up. There are more homes on the market without a pool than with a pool.

We are on a time crunch. Storing our stuff will cost over $800 a month. If we move our stuff to a POD we won't be able to file a claim on items the movers may have damaged when we finally decided to buy. Ideally, renting for one year would be perfect but we can't in this situation. The money for saving up for that better Plano home would go to the movers, not our savings.
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Old 11-15-2010, 12:09 PM
 
8,352 posts, read 11,409,318 times
Reputation: 5822
Quote:
Originally Posted by Soon2BTXN View Post
Can you tell me where you learned that McKinney only has one specialized learning disability teacher for the entire district so that I can pull up this information?
My best friend knows the LD coordinator for McKinney who constantly complains about the workload and how unfair it is to the kids to not get the individualized attention they so desperately need....about 400-500 students if I remember correctly.

Quote:
Originally Posted by Soon2BTXN View Post
Even if this includes paying for private school in another area and living in McKinney as Pappy97 mentioned a friend of his does.
There are NO private schools worth the money in Collin County- ie, they're no better than the public school offering. Have you had the chance to drive from McKinney (starting in a subdivision) to the intersection of the Tollroad & Royal (which will basically put you within 1-2 miles of most of the excellent private schools) during rush hour? I would make sure you really understand what the private school route means before buying in McKinney.


Quote:
Originally Posted by Soon2BTXN View Post
We are on a time crunch. Storing our stuff will cost over $800 a month. If we move our stuff to a POD we won't be able to file a claim on items the movers may have damaged when we finally decided to buy. Ideally, renting for one year would be perfect but we can't in this situation. The money for saving up for that better Plano home would go to the movers, not our savings.
You realize you can rent an UNFURNISHED home and put your own stuff in it, right? Why would you need a pod if you rent a house? Is your real estate agent steering you away from renting because she wants your commission on a home SALE? There are plenty of homes for rent in Collin County! I would imagine a good chunk of them homes for sale would be willing to take a 1 year lease offer.
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Old 11-15-2010, 01:15 PM
 
16,005 posts, read 26,111,246 times
Reputation: 5950
Well Plano has now joined Frisco as a place that is afraid for children to see classical art:

Plano ISD scraps plans to ban humanities textbook containing ancient nude statues 12:32 PM CT | News for Dallas, Texas | Dallas Morning News | Latest News
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Old 11-15-2010, 01:29 PM
 
85 posts, read 252,510 times
Reputation: 36
Quote:
Originally Posted by TurtleCreek80 View Post
You realize you can rent an UNFURNISHED home and put your own stuff in it, right? Why would you need a pod if you rent a house? Is your real estate agent steering you away from renting because she wants your commission on a home SALE? There are plenty of homes for rent in Collin County! I would imagine a good chunk of them homes for sale would be willing to take a 1 year lease offer.
Yes, I'm aware there are unfurnished homes available for rent. At this point we are not up to moving from our temporary place into another temporary place then to pack and move again in addition to paying movers to move us into a permanent place. If we were to rent a home and store our stuff for one year it would not be cost effective to do it in McKinney, Allen or Plano due to the commute.

We did not contact our Realtor for rentals so her direction is home buying. She thinks that Plano would be the best area but we have not seen a home in Plano we like at all. Even homes in the $300K to $325K range were not appealing to us. I think I mentioned before I was not a fan of the home styles in that area.

The woman I spoke to at McKinney ISD has a child with a LD. She lives in McKinney and her child is in MISD schools. She thought they were fantastic. I understand this is her opinion.

As far as Plano homes, I really can't stomach putting $40K an up on renovating bathrooms and kitchen (the selling areas) to get only a fraction of that back when and if the market turns.

We are going back to look at the home tonight in McKinney to decide if we will offer and what we will offer. If we do not offer or if our offer is too low then we will look at Plano again. I just believe at this time point Allen is out of the question. The traffic is too much for me to bear.
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Old 11-15-2010, 01:39 PM
 
1,198 posts, read 1,866,257 times
Reputation: 925
Soon2B...DM'ed you!
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Old 11-15-2010, 01:55 PM
 
157 posts, read 191,434 times
Reputation: 111
I actually live off Stacy and 75 and the traffic coming off that intersection is not bad at all. It gets pretty congested during the middle of the day on the weekends with people trying to get into the Outlet Mall, but otherwise traffic flow in and out of it is fine.
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Old 11-15-2010, 02:03 PM
 
Location: Plano, TX
2,078 posts, read 3,634,647 times
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Quote:
Originally Posted by Lakewooder View Post
Sorry, Lakewooder, you're a day late and a dollar short with today's irrelevant threadjack. Try reading the article before posting it. You should have cited yesterday's article.
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Old 11-15-2010, 02:17 PM
 
8,352 posts, read 11,409,318 times
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Quote:
Originally Posted by Soon2BTXN View Post
As far as Plano homes, I really can't stomach putting $40K an up on renovating bathrooms and kitchen (the selling areas) to get only a fraction of that back when and if the market turns.

I will just make one more comment and then step away.....


Plano's homes that you did not like are expensive (to begin with) for a reason- LOCATION, LOCATION, LOCATION. Real Estate 101!! You cannot improve the location of your home. There is barely any of Plano left to develop which is why even an outdated home in Plano commands a price premium. The market isn't going to really "turn" in Plano because it never fell. There have been extremely few foreclosures/ short sells in Plano because of the diversity of homeowners (meaning, many have paid for houses, many are in the 10th, 20th, 25th year into their mortgage, not so many have purchased since the "peak" in 2007 as compared to the total).

McKinney, on the other hand, has built nearly 10,000 new homes since 2005 and is only 25-30% "built out"....your home investment is much more risky in McKinney. The amount of "fire sale" homes there over the past several years (since the economy slowed down in 2007-2008) has depressed values FAR MORE than Plano felt. Plano, for reference, has only built 2,800 new homes since 2005. Plano a city whose population is over 2x that of McKinney has only built 1/3 the amount of new homes since 2005.

For fun, I looked up a 3-4 homes for sale in both McKinney AND Plano at the $250k pp. Here is how the total price breaks down in terms of % of value in LAND (which generally only goes up) and % of value in HOME STRUCTURE (which is a depreciating asset and only goes down):

McKinney- in general, $250k properties are valued at 20% land, 80% structure
Plano- in general, $250k properties are valued at 30% land, 70% structure

Bottom line, the more of your home's value in LAND (which rises over time, particularly in highly sought-after locations), the more protected you are as your Home's Structural Value falls...which it inevitably will.
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Old 11-15-2010, 02:18 PM
 
8,352 posts, read 11,409,318 times
Reputation: 5822
Quote:
Originally Posted by aexchange View Post
I actually live off Stacy and 75 and the traffic coming off that intersection is not bad at all. It gets pretty congested during the middle of the day on the weekends with people trying to get into the Outlet Mall, but otherwise traffic flow in and out of it is fine.
I think this is true, too. Most shopping is not done during rush hour. I like that area.....I actually love the area east of Fairview.
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Old 11-15-2010, 02:30 PM
 
1,198 posts, read 1,866,257 times
Reputation: 925
Quote:
Originally Posted by TurtleCreek80 View Post
I will just make one more comment and then step away.....

Plano's homes that you did not like are expensive (to begin with) for a reason- LOCATION, LOCATION, LOCATION. Real Estate 101!! You cannot improve the location of your home. There is barely any of Plano left to develop which is why even an outdated home in Plano commands a price premium. The market isn't going to really "turn" in Plano because it never fell. There have been extremely few foreclosures/ short sells in Plano because of the diversity of homeowners (meaning, many have paid for houses, many are in the 10th, 20th, 25th year into their mortgage, not so many have purchased since the "peak" in 2007 as compared to the total).

McKinney, on the other hand, has built nearly 10,000 new homes since 2005 and is only 25-30% "built out"....your home investment is much more risky in McKinney. The amount of "fire sale" homes there over the past several years (since the economy slowed down in 2007-2008) has depressed values FAR MORE than Plano felt. Plano, for reference, has only built 2,800 new homes since 2005. Plano a city whose population is over 2x that of McKinney has only built 1/3 the amount of new homes since 2005.

For fun, I looked up a 3-4 homes for sale in both McKinney AND Plano at the $250k pp. Here is how the total price breaks down in terms of % of value in LAND (which generally only goes up) and % of value in HOME STRUCTURE (which is a depreciating asset and only goes down):

McKinney- in general, $250k properties are valued at 20% land, 80% structure
Plano- in general, $250k properties are valued at 30% land, 70% structure

Bottom line, the more of your home's value in LAND (which rises over time, particularly in highly sought-after locations), the more protected you are as your Home's Structural Value falls...which it inevitably will.

These are very good point as far as resale.

It just really comes down to what is MOST important to you. We ALL want great location, great schools, great commute, great resale, great neighborhood, and a great house for a great price. Problem is...that doesn't exist. You either get everything you want and pay out the nose for it...or you compromise and figure out what your top priorities truly are. And that is different for each of us.
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