- This topic has 146 replies, 19 voices, and was last updated 8 years, 10 months ago by
FlyerInHi.
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May 4, 2015 at 3:59 PM #785772May 4, 2015 at 4:16 PM #785774
CoronitaParticipant[quote=FlyerInHi]
If there’s a crash, wouldn’t it happen in China first? Or maybe in the UK? Or New Zealand or Canada?We should have some warning before the crash hits our shores?[/quote]
Maybe that’s why you have a lot some foreign buyers buying here (for both economic and political reasons)?
May 4, 2015 at 4:18 PM #785775FlyerInHi
GuestBG, private school is one thing.
But, I can understand wanting to be surrounded by parents and kids who equally value education. You may not want to your kids to grow up in the urban core, and be influenced by the neighbors’ kids.
BTW, I personally prefer the urban core, but I can understand professionals wanting to be around their peers. People don’t necessarily want diversity. Just being realistic here.
People in science, technology who made it by being good students and graduated with STEM degrees where there’s high competition, tend to value education above all. Those are growing sectors of the economy. Those people may not want to live next to the plumber or hairdresser who inherited an old house.
The holding costs of the more expensive house can be easily made up by driving cheaper cars, or adjusting lifestyle. Plus people want to be around their peers, friends and family. Once a neighborhood is discovered by a growing demographics, there’s a snowball effect.
May 4, 2015 at 4:30 PM #785778The-Shoveler
ParticipantFrom My limited experience with Asian buyers,
The second generation want new construction so you see them moving further and further out into the new suburbs now days (but want to be close to UC schools if possible)
The Rich from China(etc..) buy Quality locals (need someplace to stuff cash) (but also want to be close to UC schools if possible). Will not hesitate to buy old tear down in good area and build new 700sqf home much to the chagrin of some of the locals LOL.
Close to Beach is not such a big thing but is nice if it happens to be near a UC school as well.
May 4, 2015 at 4:32 PM #785780spdrun
ParticipantNot everyone have the cash to buy an older property and upgrade it. You can’t roll the cost of upgrade into a loan like a new house.
Why do you HAVE to upgrade it NOW and make it look like something out of Martha Stewart? People are complete woosies. A 1960s or 1970s kitchen with a new stove, fridge, and dishwasher (under 2 grand) is just as functional as a modern one. Bathrooms: laying tile is cheap if there’s nasty old carpet there.
The whole “zOMG we must remodel now” thing is idiotic as long as the basic systems of the house are intact and functional.
May 4, 2015 at 4:34 PM #785781an
Participant[quote=spdrun]Why do you HAVE to upgrade it NOW and make it look like something out of Martha Stewart? People are complete woosies. A 1960s or 1970s kitchen with a new stove, fridge, and dishwasher (under 2 grand) is just as functional as a modern one. Bathrooms: laying tile is cheap if there’s nasty old carpet there.
The whole “zOMG we must remodel now” thing is idiotic as long as the basic systems of the house are intact and functional.[/quote]You’ll never understand.
May 4, 2015 at 4:34 PM #785782ParticipantIf there’s a crash, wouldn’t it happen in China first? Or maybe in the UK? Or New Zealand or Canada?
Markets are local and not as tied together as you’d think. They’ll correct at their own pace. I don’t think we’ll have a crash like 2009, but we might have a gradual loss of interest over 1-2 years.
May 4, 2015 at 4:37 PM #785783Guest[quote=The-Shoveler]From My limited experience with Asian buyers,
The second generation want new construction so you see them moving further and further out into the new suburbs now days (but want to be close to UC schools if possible)
The Rich from China(etc..) buy Quality locals (need someplace to stuff cash) (but also want to be close to UC schools if possible). Will not hesitate to buy old tear down in good area and build new 700sqf home much to the chagrin of some of the locals LOL.
Close to Beach is not such a big thing but is nice if it happens to be near a UC school as well.[/quote]
Irvine is the ultimate town that attracts Asians. It’s near a UC, near businesses, near the biggest mall where there are aspirational brand name stores (South Coast), new and master planned, without the grunge and riff raffs of Los Angeles.
May 4, 2015 at 4:38 PM #785784ParticipantRegarding schools, it’s sometimes easier for a smart kid to get into a good private university from an “6” or “7” school than an “8 to 10.” Admissions officers tend to like a bit of economic diversity and points are given for being successful even if you didn’t go to a “top” chichi high school
May 4, 2015 at 4:39 PM #785779CoronitaParticipant[quote=bearishgurl]Folks, I want to know exactly how much $$ your kid(s) right to attend particular public schools is worth to you (per kid). Let’s assume one in first grade, one in K and and any other kids are not in school yet so let’s assume 2 kids, for discussion purposes.
Let’s break it down here:
What is a “good school” . . . say 9 to 10 on Great Schools) “worth” to a parent today (over and above a similar-sized home situated in an area costing much less with a 7 – 8 school score on Great Schools)?
Another option is: where should a parent of two school-age children today put their homebuying funds based upon what they can afford? Examples:
Elem school 10
Middle school 9
High school 8House cost will be $850K, rent will be $3500 mo;
Elem school 9
Middle school 8
High school 8Same house will cost $650K; rent will be $3000 mo, OR:
Elem school 8
Middle school 7
High school 8Same house will cost $550K; rent will be $2500 mo.
******
Food for thought: What would the right to attend a particular HS with a “9” score be worth to a parent who has, say, only a 13 and 14 yo the time of home purchase?
Use money, please, i.e. “I would spend $150K more ($75K per kid for two kids) for a home located in an “8” high school attendance area than I would pay for a similar home situated in “7” HS attendance area” (all other factors being equal). Thanks.[/quote]
None of your business. Even if someone did truthfully answer, you wouldn’t like it anyway because anything anyone else wants/does for their kids that you didn’t do yourself for your own kids, you would immediately criticize that being a waste/unnecessary, because in your mind your way of parenting and viewpoint any anyone else that shares your viewpoint is the only right way. So why bother even “discussing” it. It’s not a discussion. It’s going to be another argument, for which you are setting up, which eventually a lot of people will probably disagree with you on, and then you’ll try to bend over backwards to argue, just for the sake of arguing or maybe in some twisted way try to convince yourself you made all the best decisions and that everyone else that doesn’t agree with you is wrong, and how smart you are… It’s you’re MO.
Usually, “normal” people ask other people what they do and what they are doing for things like finance, education, kids care, etc because they want to compare notes to see what/if anything they are missing they should be doing. And usually people that do that, shut up and listen, and digest, and think, and evaluate, and then make informed decisions appropriately. I think in your case, you ask just because you want to argue and try to convince yourself you are always right. There’s no point in this “discussion”, because it’s not a discussion. It’s a pissing match, one which chances are you’re going to be really bad at.
May 4, 2015 at 4:44 PM #785786CoronitaParticipant[quote=spdrun]Regarding schools, it’s sometimes easier for a smart kid to get into a good private university from an “6” or “7” school than an “8 to 10.” Admissions officers tend to like a bit of economic diversity and points are given for being successful even if you didn’t go to a “top” chichi high school[/quote]
Here we go again.
Ah-yah… Fvck…….
May 4, 2015 at 4:45 PM #785787CoronitaParticipantListen people, I understand that a lot of you like being LETDLITA’s (for those that don’t understand that’s leading experts that don’t live in the area)….
But please don’t try to be an LETAA… Leading experts that aren’t asian.
Seriously????
May 4, 2015 at 4:45 PM #785788Guest[quote=spdrun]Regarding schools, it’s sometimes easier for a smart kid to get into a good private university from an “6” or “7” school than an “8 to 10.” Admissions officers tend to like a bit of economic diversity and points are given for being successful even if you didn’t go to a “top” chichi high school[/quote]
Statistically, that’s low.
I think that statistically kids do better in competitive top chichi school. They learn to compete and be excellent from a young age.
Plus if you’re a young teen girl in HS, and you fall in love with a guy who is not driven, then it’s pretty much the end of your gene pool.
May 4, 2015 at 4:49 PM #785789ParticipantIf a girl falls in love with a future shop keeper, plumber or electrician, her family might end up much more financially secure than being married to a software engineer who’s obsolete by age 40.
Competition isn’t everything, BTW. Kids need time to be themselves, not be driven from one awful after-school program to another.
May 4, 2015 at 4:53 PM #785791CoronitaParticipant[quote=spdrun]If a girl falls in love with a future shop keeper, plumber or electrician, her family might end up much more financially secure than being married to a software engineer who’s obsolete by age 40.[/quote]
I thought you liked financially independent older women?
So in addition to LETDLITA’s, and LETAA, we now also have resident LETAWs, leading experts that aren’t women.
Ok….
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