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But why does one need to be in a top 5 school district? You can succeed at life at any school district as long as you have the right mindset, drive, motivation, willing to put the work in and a good support system @ home etc etc... a large responsibility of that falling on the parents.
that is a great point. Some people think the $130k a year LI teachers are magicians
If my company moves their central office to Manhattan we've decided to leave for Connecticut. You could get a beautiful home/palace on 2 acres for under 900k in a top 5 school district. The homes in the top 5 school districts on long island under 900k look generally like someones nightmare or are right by the train.
Quote:
Originally Posted by Jdawg8181
But why does one need to be in a top 5 school district?.
Why? Home values are driven by school district desirability. Compare home values of schools in a top 5 district against those in middle 5 and the bottom 5.
Why? Home values are driven by school district desirability. Compare home values of schools in a top 5 district against those in middle 5 and the bottom 5.
Nowadays, home values are driven partially by access to a LIRR and NYC.
Nowadays, home values are driven partially by access to a LIRR and NYC.
Yes and no. A home could have good access to NYC via the LIRR and major east-west highways, but if it's in mediocre school district it won't fetch as much as the same home in what is perceived to be a better district.
Yes and no. A home could have good access to NYC via the LIRR and major east-west highways, but if it's in mediocre school district it won't fetch as much as the same home in what is perceived to be a better district.
Some things are not an option for certain people though. For example, someone who works in Manhattan probably will not consider Suffolk no matter how good a school district is. They may settle for a lesser school district b/c of its proximity to the city.
Maybe I am just new to LI, but I can't see the why I would pay a $200k premium just for a "Prime" school district. Just like Jdawg8181, I went to a very lowly rated high school, but was able to become a reasonably successful professional working in Manhattan. I now live in a decent size house (over 2,500sf) in a nice neighborhood, within 5 minutes of the LIRR. However, the school district is "average." I have no doubt that my kids will be okay.
One thing I noticed, which I have not seen anyone mention before, is that in the so called "prime" school districts, over 25% of the students are failing. What is up with that?
Some things are not an option for certain people though. For example, someone who works in Manhattan probably will not consider Suffolk no matter how good a school district is. They may settle for a lesser school district b/c of its proximity to the city.
Not everyone has prime school district on the top of their list when considering a home.
This is us also (my husband and I are child-free), but we also thought about re-sale value of our home. Re-sale value affects ability to sell down the road. Even though we didn't care too much about schools - we aren't going to run out and buy the biggest house in Hempstead because we know the school district is terrible and a gorgeous house will sit in the market for months based on terrible school district ratings.
This is us also (my husband and I are child-free), but we also thought about re-sale value of our home. Re-sale value affects ability to sell down the road. Even though we didn't care too much about schools - we aren't going to run out and buy the biggest house in Hempstead because we know the school district is terrible and a gorgeous house will sit in the market for months based on terrible school district ratings.
Why would you use Hempstead in your comparison? Most people think of safety and quality of life as number the number one factor when buying a house. There are a lot of very nice, safe neighborhoods on LI, but for various reasons, the school district is not highly rated.
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