Oakland's broken school system affects real estate prices (San Diego, San Jose: private schools, university)

[FatlippedElihu]

Will Oakland ever get back on the horse?

[ccm123]

I don't think this is relegated exclusively to Oakland. In most areas, if the schools are poor performers, it will affect the real estate values.

[dlyoung123]

I hope they never fix the schools! So housing stays affordable for the other 99% of us!

[DocGoldstein]

Originally Posted by ccm123

I don't think this is relegated exclusively to Oakland. In most areas, if the schools are poor performers, it will affect the real estate values.

Exactly. Look at Vallejo, or Richmond.

In general, crap schools will suppress housing values. So you have to consider what is important to you. For a young family of 4, it's pretty important to have good schools. For a 62 year old man, not so much.

[jade408]

What happens in Oakland (and SF) is that you have much greater stratification in income levels of families. Families that have no choice but to send their kids to public school and more affluent families that utilize private schools. You lose the "middle" and those are the families that sustain the schools.

[Bushrod King]

If you think San Francisco's Public Schools are any better you're fooling yourself, yet nothing is wrong with their real estate prices.

[RWingFan]

Well there are some really good public schools too but there ultra competitive to get into Lowell HS is the cliche example

[18Montclair]

Originally Posted by jade408

What happens in Oakland (and SF) is that you have much greater stratification in income levels of families. Families that have no choice but to send their kids to public school and more affluent families that utilize private schools. You lose the "middle" and those are the families that sustain the schools.

Yeah, if you have money Oakland has incredible schools. College Prep and Head-Royce are both considered among the nation's top private schools:

Wall Street Journal National Ranking of Top 65 Prep Schools, 2007-2008
California
5 Polytechnic School, Pasadena
6 College Prepatory School, Oakland
15 Crystal Springs Uplands School, Hillsborough
21 San Francisco University High School, San Francisco
22 Menlo School, Atherton
25 Harker School, San Jose
28 Webb Schools, Claremont
35 Head-Royce School, Oakland
42 Branson School, Ross
43 Bishop's School, La Jolla
50 Castilleja School, Palo Alto
57 Francis Parker School, San Diego

[DocGoldstein]

Originally Posted by Bushrod King

If you think San Francisco's Public Schools are any better you're fooling yourself, yet nothing is wrong with their real estate prices.

This is why S.F vs Oakland comparisons never work. People are simply willing to pay a premium to live in S.F, and not willing to pay that premium to live in Oakland. In fact, in the Bay Area, people expect to pay lower prices in Oakland which is why Oakland real estate in some areas is selling briskly, it's so cheap compared to other more desirable cities.

[Bushrod King]

Originally Posted by DocGoldstein

This is why S.F vs Oakland comparisons never work. People are simply willing to pay a premium to live in S.F, and not willing to pay that premium to live in Oakland. In fact, in the Bay Area, people expect to pay lower prices in Oakland which is why Oakland real estate in some areas is selling briskly, it's so cheap compared to other more desirable cities.

Considering you've never been here and don't know what you're talking about acting like Oakland has no Area's where people are willing to pay, shows again that you have no basis to speak on anything Oakland related troll.