Expensive McMansion for sale

[an]

[quote=flu]Exercising my constitutional right. Your suggestion is noted, and ignored…[/quote]LOL

[The-Shoveler]

Hey you brought up foreign buyers first LOL.

[Dukehorn]

What a cluster@#$@ of a thread. Here’s an easy way to look at it. If tuition for private school for my two kids is 25k each year for 7 years, at a minimum, I’m willing to toss in that extra $350k into a house with a junior high/high school rated in the 850s or above–easy, no questions asked.

I might be willing to drop my kids down into a lower scoring school but it would be nice for them to have AP classes. I wouldn’t drop them into a 600s scoring high school ever. I agree with flu that having a discourse on college admissions scoring students higher from a worse performing high school is a stupid thread piece–is spdrun going to give us sociology studies about what happens when kids are extremely bored at school for 7 straight years. hint, it usually doesn’t turn out well.

[bearishgurl]

[quote=Dukehorn]What a cluster@#$@ of a thread. Here’s an easy way to look at it. If tuition for private school for my two kids is 25k each year for 7 years, at a minimum, I’m willing to toss in that extra $350k into a house with a junior high/high school rated in the 850s or above–easy, no questions asked.

I might be willing to drop my kids down into a lower scoring school but it would be nice for them to have AP classes. I wouldn’t drop them into a 600s scoring high school ever. I agree with flu that having a discourse on college admissions scoring students higher from a worse performing high school is a stupid thread piece–is spdrun going to give us sociology studies about what happens when kids are extremely bored at school for 7 straight years. hint, it usually doesn’t turn out well.[/quote]

I agree that this has turned into a cluster@#$@ of a thread, Dukehorn.

I’m going to take a stab at this and say that in SD County, private elementary school is about $35K per kid, middle school is $15K per kid and HS is $30K per kid. Total of 13 years (incl K) for $80K per kid. That’s $160K for two kids. If your kids are already in school and you’re just calculating 7 years of public school after you move, then it would be less. That is … unless you want them in Francis Parker or other really expensive HS.

I haven’t looked into secular private HS’s but the Catholic HS’s in SD County have a very rigorous and challenging college-prep curriculum. Also, ALL public HS’s in CA (excepting “continuation” HS) offer AP classes. However, some HS’s offer more AP classes than others. Most schools rated 7 and up have at least 4 AP offerings. Very, very few HS’s in the state rate a 9 and I’m not sure if there are any HS’s in CA which rate a 10 (there may be a handful).

I agree that a HS rated a 6 may not be the best choice for a bright kid.

I think spdrun was just suggesting a valid way to “beat the system.” flu himself has posted several threads here lamenting the fact that he feels Asians are “over-represented” at the UC and therefore his kid (however deserving at the time of application) will be overlooked in favor of a less-deserving applicant from an under-represented group. In his defense, he did have a point as his kid will likely attend TPHS (if he still lives in CV) and will have to work their butt off to have a class ranking anywhere near the top 9% of that HS, which is highly competitive. The ELC is an accepted route to UC admission. An ELC applicant is not guaranteed admission to the campus(es) of their choice but they are guaranteed admission into a UC campus.

http://admission.universityofcalifornia.edu/freshman/california-residents/local-path/index.html

Dukehorn, I don’t know how old your kid(s) are but you will find (if you haven’t already) that getting accepted into any UC (or CSU campus, for that matter) is nowhere near as easy as it used to be. All the “rules” for admission have changed in the last 2-3 years and thousands of hopeful highly-qualified CA-resident HS graduates are left out in the cold by mid-April.

I highly recommend that all UC/CSU applicants (both freshman and junior) apply to at least six campuses (of each system, if applying to both systems) and be willing to take one of their choices down the line, if offered to them.

[Jazzman]

[quote=FlyerInHi]jazzman, compared to the rest of the world, US housing is still relatively cheap.

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]
Some part of the US are relatively cheap, but I don’t think there is any disputing that New York, and CA—especially the Bay area—are way over-valued. I read an article a short while back that claimed the high end has broken the sound barrier in recent years. What was once considered an expensive home for say $2m now sells for several multiples of that. London is set for a correction. Canada’s is probably way past due, and China is a special case being disconnected from the Anglo-sphere and under state controls. The UK and US are usually in lockstep on many things but I don’t know whether statistically things usually happens first in the US, or the UK. I think it is logical that where prices did not fully correct after the crash and have since been propped up, and then some, by whatever means things will revert to their proverbial mean at some point. If it does happen very gradually, we may not notice it, but the long term effects of that slow puncture are what worries some.

[spdrun]

Not all of California. San Diego apartment prices are only slightly more expensive per square foot/meter as those in Krakow, Poland, hardly a wealthy chichi city.

As far as New York, it’s actually somewhat cheaper than London or Paris. But higher property taxes that hit apartment (vs single to three family house) owners hard account for the disparity.

[Jazzman]

Haha! Not sure where you got your $ per sq ft for Poland. Very difficult to compare countries when it comes to square footage. European homes are traditionally smaller. Manhattan is crazy expensive. London is stupid expensive. What’s the difference?

San Francisco x 4 more expensive
http://sanfrancisco.cbslocal.com/2014/05/20/how-much-more-does-it-cost-to-live-in-san-francisco-bay-area-than-other-cities-sf-real-estate-housing-prices-expensive-cheap-cost-home-mortgage-income-salary/

Londonium, the most expensive city in the world
http://www.theguardian.com/uk-news/2014/sep/23/london-overtakes-hong-kong-worlds-most-expensive-city

China, the bubble has burst
http://blogs.wsj.com/chinarealtime/2014/05/05/chinas-property-bubble-has-officially-popped-report-says/

Canada, the most over-valued RE

Canada has the Most Overvalued Housing Market in World [Chart]

[FlyerInHi]

Also remember that US salaries are higher.

[spdrun]

Jazzman — I follow the Polish markets for personal reasons. As far as Manhattan, parts of it are not much more expensive than San Diego especially when you consider “customary” apartment sizes. 800-1000 sf is family-sized, while it isn’t considered in San Diego.

There’s half the island above 100th St 😉 The problem is that most buildings are rentals and not for sale, so inventory/turnover will always be low.

[FlyerInHi]

As someone who has traveled far and wide, I can say that Americans generally live the best. Australians and Canadians are pretty close.

Not every city is expensive.; and not everybody wants to live in NYC, SF, or even SD.

Maybe with globalization, more expensive American real estate is the new normal. Still real estate is cheap here, compared to any seizable city, even in the developing world where salaries are peanuts.

[FlyerInHi]

[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]

Not idiotic. It’s about being driven by perfection.
I’m partial to sleek euro kitchens and baths with handgrohe fixtures. More pleasing to look at everyday.

[The-Shoveler]

[quote=FlyerInHi]As someone who has traveled far and wide, I can say that Americans generally live the best. Australians and Canadians are pretty close.

Not every city is expensive.; and not everybody wants to live in NYC, SF, or even SD.

Maybe with globalization, more expensive American real estate is the new normal. Still real estate is cheap here, compared to any seizable city, even in the developing world where salaries are peanuts.[/quote]

USA car based living is also a lot more efficient as well, you would not believe how hard it is to get an engineer in china to get in the office at 11:00AM in the morning here our time LOL. (But I have seen engineers in our office at midnight – 2 AM handling asia issues fairly often.

[scaredyclassic]

[quote=FlyerInHi][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]

Not idiotic. It’s about being driven by perfection.
I’m partial to sleek euro kitchens and baths with handgrohe fixtures. More pleasing to look at everyday.[/quote]

delay delay delay. Save so much money. If I can delay some more maybe we will move before we do anything big.

If you’re sluggish it’s amazing how fast 5 years can go by without an oven. Now it’s been so long wife no longer thinks we need one!

Why replace h eating/ac …so expensive to do plus higher utility bill. Delay!!!

The biggest savings come from just not doing anything.

[FlyerInHi]

[quote=scaredyclassic]

The biggest savings come from just not doing anything.[/quote]

Because you live in mansion with 150 trees and land. Mansions are in constant state of repair. By the time you chop down some trees in one area, it’s time to landscape another area.

It’s good that you take it in stride with humor. Otherwise, you’d be pretty frustrated with all the work.

you need a staff you keep your house.

[Coronita]

Bump….

This “mcmansion” just went pending…

So once again, most of you are wrong…again….End of discussion.

No longer available…

Next property.

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