TG, if your kids are thinking housing, the Elephant in the Room that doesn’t get talked about, schools.
Not the schools as in good/bad. But the general California situation with the schools and funding. Much like the unfunded pension issue, which is still 20-30 years out, IMHO, the schools are rapidly facing a crisis that starts hitting now.
Statewide, and particularly in the in-fill development mature areas, enrollment has been dropping for years. Even rapidly building out places like Irvine are basically flat and fighting for transfers. Because of the way funding lags on enrollment, the district’s this year are facing the first of three baked in years of cuts. Future enrollment projections indicate a trend that will continue for years. I suspect local schools will have a tumultuous 5 years.
On an overall housing standpoint, this doesn’t change much, however, on a local standpoint, this greatly increases the required diligence in understanding the School District plans for the assigned schools and requirements for transfer to desired schools.
It also, IMHO, greatly increases the relative value of schools that are locally zoned for the magnate/immmersion programs. Often the schools that are dwindling are revitalized into a immersion or magnate program. It also mandates a realistic evaluation of families tolerance/preference for private school or commute to desired school.
