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flyer
ParticipantMy kids are grown, and went to private schools, but it’s still always interesting to see these scores from my perspective–to see how they play out in “real world” success. For my kids and their peers, so far, it’s been about 50/50–even among those who chose the most marketable majors in college.
A friend’s wife is a teacher in Northern Cal, and she recently shared the article below with her soon-to-be graduating high school seniors. Even though the article is directed toward college seniors–it still applies. Some of you might enjoy reading it. . .
ParticipantAs natives who’ve also lived in many different places in the world, we’ve always come back to our home in San Diego–mainly because it does offer everything we want–and maybe you will
too–if it seems right for you and your family.You’re very wise to make a critical decision like this now with the great opportunities you have, as I can’t tell you how many people we’ve known over the years who have tried to survive in CA, and specifically in San Diego, who were living paycheck to paycheck (some on a very grand scale, some not), just hoping things would get better–offering very strong evidence of the financial irresponsibility and peacock mentality you mentioned.
They suddenly found themselves at 50+ with little to show for their life efforts, and that is definitely not a scenario to which any of us would aspire.
Sounds like you made your decision for all of the right reasons, and I wish you the best.
ParticipantLots of great suggestions here. I’d like to add one other thought. I’ve been involved in several commercial properties over the years, and I’d make very sure that you, or your family members consult your attorneys–whatever you decide to do, and especially in a “buy-out” situation. Things can get very “sticky.”
ParticipantI agree with much that has been said, and in IMHO, as long as people can (legally) support themselves, and are living the lives of their dreams–why judge?
If, however, people expect others to support them, for whatever reason, and for an indefinite period of time–that’s an entirely different issue.
I should add that since I have grown children, I’ve seen both sides of this scenario. Thankfully, our kids have managed to support themselves for the most part, but at least 50% of their friends–all well-educated as ours are–are still almost completely dependent upon their parents–with no real end date in sight.
I should probably also add that, although our kids know they will be receiving very nice inheritances, they also know that we expected them to learn how to support themselves in life.
ParticipantAbsolutely, true–flu.
The 5% (or less) I mentioned were across the board in age at this point in time, but, going forward, the younger people will definitely need a lot more money for everything–which makes my premise even more of a concern. As time goes on, those stats should be really interesting to watch.
ParticipantThe concern I expressed with regard to the stats that reveal 5% or less of US households have $1M+ in assets (excluding real estate) foreshadows a future where many people will need assistance just to survive–especially when every investment professional I’ve ever spoken to estimates most of us will need between $1-3M minimum, (or the equivalent) to support ourselves in a viable way through our retirement years–and I agree.
Eventually, politicians will be forced to address issues like this, so it was my suggestion that they start now–hence, the purpose for my post.
These, of course, are just my opinions. Everyone is free to plan their financial lives as they see fit.
ParticipantYou are right, squat.
I should have said the net worth stats don’t look very encouraging for the general populace of our country–going forward.
Hopefully things will get better. Only time will tell.
ParticipantIf they are going to quote controversial percentages, IMHO politicians would probably be better off launching a verbal battle about why only 5% or less of the US population has $1M+ in assets (excluding real estate). I know I’ve mentioned this before, and it still astounds me.
A number like this definitely does not bode well for the future of this country–unless, of course, we end up in a a society that is primarily supported by the government. If, or until then–it’s a real concern going forward as to how the majority of people plan to support themselves long-term–especially in retirement.
ParticipantOTSL
I have to completely agree with you about your thoughts on living in 4S with regard to convenience–especially with children. We have friends who live there, and love it–for all the reasons you have mentioned. Carmel Valley is also another great community you might like–again, for all the same reasons.
My wife and I were raised in La Jolla, and we raised our kids in Rancho Santa Fe where we still live. In both of these communities you do a LOT of driving as a parent, and in general, so choosing a “Planned Community” will definitely save you lots of time over the years.
Good luck!
ParticipantThat’s a scary report, UCGal.
Even friends, (most well above the 75th percentile) whom I’d always thought were on track financially, have mentioned lately that they aren’t even close to the $1-2M+ (or the equivalent) most of us in our 50’s (more, if you’re younger) will need to retire.
When I was younger, many of my friends thought the “easy money” would last forever, but I was always concerned about what disastrous turns life might take after 50–job-wise, health-wise, financially, etc., etc.–so we planned accordingly. Thankfully, things worked out.
Hope those numbers are better the next time that report comes out.
August 20, 2012 at 3:46 PM in reply to: OT: Why Miramar Ranch is low in API score when compared to other Scripps Ranch elementary schools #750589ParticipantShhhh–Don’t tell people API scores will ultimately have very little to do with how successful one’s children become–that’s one way we’re keeping property values and rents inflated in said areas.
But, seriously, my kids, and most of their friends, were raised in RSF, and went to great schools, yet the LIFE success rate of these kids–from what we’ve seen now that they are grown–still seems to be about 50/50–if that.
Probably evidence that achieving one’s “dream life” has many elements–many of which are out of our control.
So, my point to the OP–If the API scores of the two schools you are comparing are fairly close, I wouldn’t worry about it too much.
Participant+1-SD Realtor. My sentiments exactly!
ParticipantA friend mentioned the article below to me. Even though I’m not in this field, I thought it might be interesting to add the link to this thread. Wonder how many people they are planning to hire?
August 13, 2012 at 2:19 PM in reply to: OT: Prevailing SFH rental prices in Carmel Valley. Anyone sign a lease recently or seen some recently?????? #750172ParticipantOf course not all of the rentals in CV are in the $4K range–ours happen to be in the $3K-$4K range– some lower–depending on size–but since we got a great price on all of the homes prior to 2000, we’re happy with that.
None of them have been available for years, since they’ve always been leased by family and friends, and since we happen to live near CV in RSF, they have been very easy to manage.
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