2023 Real Estate Observations (New Bedford, Wellesley, Milton: low income, home, buy)

[yesmaybe]

https://www.universalhub.com/2023/co...-building-goes

Condo association goes to the trouble of suing this party animal who lives in a pricey Back Bay condo (defendant paid $2.2M). Guess soundproofing is a dead art even at the highest end.

[newenglandgal123]

Originally Posted by yesmaybe

https://www.universalhub.com/2023/co...-building-goes

Condo association goes to the trouble of suing this party animal who lives in a pricey Back Bay condo (defendant paid $2.2M). Guess soundproofing is a dead art even at the highest end.

If you google the name in the article of the defendant it comes up on Linkedin as a business student at BU. Must be some overseas $$ from mommy and daddy who bought a penthouse suite for their college student to live it up while studying to become the next great CEO !

[GeoffD]

Originally Posted by newenglandgal123

Yes, there's too much importance placed on school ratings. If your child isn't already destined to be a Harvard grad, Nobel prize winner then sending them thru the Wellesley school system, for example, isn't going to miraculously make them one. So, you could say it may be in one's best financial interest to skip the $1.5M fixer upper starter home in Wellesley and buy the $800K move in ready home in Hanover instead.

Not really. If your average kid goes off the rails, it’s the difference between comfortable white collar or licensed middle class and service sector poverty. For example, it’s fairly difficult to get accepted into a community college RN program. An average student can handle the academics. The peer group is generally better in the blue chip towns.

[MtPleasantDream]

It’s not just academics.
Kids with well-educated parents tend to behave better. It’s safer to put your own kids with them.

[msRB311]

and opinions like that are why those towns cost so much.

[jayrandom]

Originally Posted by newenglandgal123

Yes, there's too much importance placed on school ratings. If your child isn't already destined to be a Harvard grad, Nobel prize winner then sending them thru the Wellesley school system, for example, isn't going to miraculously make them one. So, you could say it may be in one's best financial interest to skip the $1.5M fixer upper starter home in Wellesley and buy the $800K move in ready home in Hanover instead.

Originally Posted by GeoffD

Not really. If your average kid goes off the rails, it’s the difference between comfortable white collar or licensed middle class and service sector poverty. For example, it’s fairly difficult to get accepted into a community college RN program. An average student can handle the academics. The peer group is generally better in the blue chip towns.

I'm with GeoffD on this. If your kid is Ramanujan it doesn't really matter where you grow up. For the overwhelming majority of people who aren't, though, school makes a difference. Not at the highest of high levels, where a lower-tier school might even be beneficial, but in the upper middle to the lowest. I'm sure if you compare where the median Wellesley students ends up it's a lot better off than the median in Baker, Louisiana.

[massnative71]

Folks we're not talking about Wellesley vs. Baker, LA (or Wellesley vs. Brockton). We were discussing Wellesley vs. HANOVER.

[msRB311]

If you're living in MA you don't need to live in Wellesley and have your kid attend wellesley schools to be successful.

Hanover is no Wellesley or Hingham but it's not the town it used to be. I'm not sure I'd even classify it as middle class anymore based on some of the folks I know that live there.

In the end where you go to college seems to matter less and less these days...so people should probably chill with the rat race.

[massnative71]

Originally Posted by msRB311

Hanover is no Wellesley or Hingham but it's not the town it used to be. I'm not sure I'd even classify it as middle class anymore based on some of the folks I know that live there.

These days it's solidly upper-middle. This forum really makes me laugh sometimes.

[msRB311]

Not to mention you could live in a town that is nothing great and send your kid to a school like Roxbury Latin or Milton academy

But an old man living in New Bedford who sold his tech company in the 80s and hangs out in Vermont has all the answers when it comes to schooling.