Cupertino!

Ross, a long time ago when I took my SATs for college I ordered a bunch of the supplementary reports you could ask for. And guess what was the best correlation with SAT score? High school grades? Nope. Number of AP classes taken? Nope. Percentage of kids in your high school who were college-bound? Nope? It was…. Family income!

Plus ca change, Plus c’est la meme chose.

So why do home shoppers so rabidly seek out “good schools”? Perhaps they recall their own miserable high school experience, and believe, “If I get my child into a good school, he/she won’t have to endure what I did.” However, I believe this is also a myth, and that “good schools” often inflict more misery through cliques and peer pressure than “not good schools.” I call this the 90201 Effect.

Also, make sure your kid plays plenty of computer games, and watches reality TV (to find out why, read “Everything Bad is Good For You”)

I’d only pay 300k, max 350k for a house that I can rent out for 1k per month. so the rent has to rise 2.5x or price has to fall 60%. Wake me up when the price and the rent converge.

Wow, thanks for the heads up, guys. I didn’t know that the school districts in San Mateo County sucked that bad. Who would have thought. How about the schools in Burlingame? How are they?

Well, i’m not that upbeat on the prospects of public education in California. The public school system here is laying off teachers in the masses.

You might want to consider San Ramon for your investment property. School districts are excellent. You can buy a nice newish home in the 700K to 800K range, and rent them out for up to $3K / month without too much effort. Prices have bottomed there and should head up in the future. I think the location is quite promising, as it is within acceptable commute distance to the job centers in SF, Oakland, Pleasanton, all the way down to Fremont.

http://en.wikipedia.org/wiki/Carlmont_High_School#Trivia

>>The novel My Posse Don’t Do Homework by LouAnne Johnson and subsequent movie Dangerous Minds were loosely based upon events that occurred at Carlmont in the 1990s. These ‘Dangerous Minds’ students were from East Palo Alto.

You are aware that EPA students get bused to Belmont schools, right?

Random sampling is good. A random but small sample isn’t that good. That study wasn’t random for the Bay Area or even SF. So, i’m my estimation, the study was skewed and had a small sample.

A random sample isn’t a small sample. You can have a large random sample, or a small random sample, and you could also have large skewed samples, and small skewed samples. Obviously, you will want a large random sample to infer characteristics on the entire population… getting < 50 responses in downtown SF is definitely a small, skewed sample.

And, I digress, I wasn’t sure what you were implying, and i’m not going to make that assumption, but the income post seemed a bit… loaded.

I don’t think Thornberg talked about “sweeping reduction”. He commented about “effect”. Yes, some area will be less affected than others. Some will be more.

But some real experts claim that somehow the price of certain area will be insulated completely from neighboring areas – there is no basis for this argument. That’s simply a wish for people who has vested interests real estate industry and people who bought home in inflated price.

Say goodbye to your pyramid, realestater.
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Why not, Amway/Quickstar is a very successful business model. Millions people got rich on this scheme – just like real estate. In fact Amway/Quickstar’s main goal is to “shutdown Wal-mart” which is going to happen very soon.

Get into into Amway/Quickstar early, you will get rich quicker. Buy your home early, you will be rich quicker.

Hence, it’s good time to be a member of Amway NOW. It’s always great time to buy home NOW.