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Seems if in 5 years you didn't like the schools you could have moved.
so that's your solution? she should MOVE if the school is not doing their job? you just proved why so many people are beyond frustrated with LI schools. By and large, they are NO BETTER (and in many cases, not as good) as schools in the rest of the country - with TONS of data out there to support this, yet people are forced to pay exorbitant school budgets. Pigs at the trough!
I am not saying I completely agree w/her approach. But I can certainly sympathize with her.
We bought house in 2006 in LI in good school district. We are trying to sale due to job move. Why market is still not recovered? I see in Texas housing market is so hot. Prices are going up every month. Even our neighbor NJ has good market. Why only in Long Island market is still down.
2006 was pretty much the height of the marrket across the board. Some areas have seen a stronger recovery than Long Island in recent years, however others haven't. Also, most of the areas whose recovery have outpaced Long Islland over the last couple years, also saw a bigger drop from 07-09/10 than Long Island did. Some areas were seeing 50-60%+ drops in value, we didn't have that here, so there wasn't as much room to go back up.
You bought at the height of the bubble. Houses nearly doubled. You will not see your purchase price for another 10 years, if that. The economy is not exactly roaring back, despite what Obama and the govt says. I bought my crappy ranch in Nov 2004 in Holtsville for $350k. The previous owners paid $180K two years prior, so it practically doubled in that time. I sold the house 7 years later in 2011 for $250k. The house lost $100k value. A house on the same street just sold for $180K, so it won't happen in many years, if ever. Those prices in the mid 2000s were as phony as the Tech bubble stocks that crashed in 2000. I bought $15k of stock at that time. It dropped like a rock and never came back. I finally wound up selling it all for about $2500. That's what happens when you buy in a bubble.
While your argument is very valid, the biggest problem you will run into is if any of the students did well, it cannot be the school's fault. They cannot possibly tend to every student and hold back the majority of the class for the fee that aren't grasping the lessons. It is a public school system so you cannot expect too much one on one help without getting a personal tutor. Now, if your child's entire class did poorly for the 5 years, you and all of his classmates' parents would have.a strong case. Good luck!
We bought in 04 and paid $429,000 ; Taxes were just over $8K.
We sold in 12 for $355,000 and Taxes were over 12K.
Yes, we lost money but we were prepared to do so just to get off the Island.
We are so happy with our choice ; paid $245K and taxes of $5K in 2012 in a school district that is #9 in our new state.
where in PA did you move to?
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I was just commenting on the topic of the thread - something that has likely never been posted on the Long Island board.
