From HousingWire:
Half of homebuyers with kids base purchase on school district
Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including where you work, worship or even send your children to school.
As back to school season approaches, a recent report from the National Association of Realtors highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.
…
“Parents inherently make sacrifices for their children and family, and that is no different when shopping for a home,” NAR chief economist Lawrence Yun said. “Of course, affordability is a part of the decision, but we have seen buyers with kids willing to spend a little more in order to land a home in a better school zone or district.”
According to the company, the starkest difference between homebuyers that have children under the age of 18 and those who do not, is the influence of the neighborhood.
“The report found that those homebuyers who still have children living in their homes were likely to be drawn to specific neighborhood characteristics,” NAR writes. “For example, 53% of buyers with children considered a neighborhood based on the quality of the school districts within that neighborhood. 50% of buyers with children selected a neighborhood based on its convenience to schools.”
This deeply contrasts the purchasing influences of homebuyers without children as NAR determined that only 10% of childless homebuyers chose a neighborhood based on the quality of its school district. When it came to convenience of schools, only 6% of those buyers claimed it factored into their home buying decision.
…
However, the two groups deeply differed on their home selling urgency, as the report indicates that homebuyers with children are more likely to sell and purchase at a faster pace.
“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer,” Yun said.
According to the report, 23% of sellers with children reported that they sold their home “very urgently.” However, only 14% of buyers with no children said they had to sell their home quickly.
“One notable difference between the two groups is that 46% of those with children in the home said they had to sell somewhat urgently, while just under half of those with no children in the household said they were able to wait for the right offer,” NAR writes.
Freddie Mac PMMS has the 30 year down to 3.6% last week, and the 15 year at 3.05%.
Seems like a damn good time to slip into a 15.
According to the company, the starkest difference between homebuyers that have children under the age of 18 and those who do not, is the influence of the neighborhood.
What a brilliant deduction! See, this is why we need the NAR, they researched it!
Over 700k illegal immigrants in nj are on the dole. All future democrat voters. This place is screwed.
FBI vacations on dead man’s island.
https://www.nbcnews.com/news/us-news/fbi-agents-swarm-jeffrey-epstein-s-private-caribbean-island-n1041596
The fact that the FBI is only doing now more than a decade after the last FBI investigation where they had a 53 page indictment that was never presented to a grand jury is very telling to the influence of power.
Who cuts your lawn? Who dry cleans your clothes? Who works in the kitchen in the thousands of restaurants across the state? Who cleans the toilets in your office?
The people on welfare don’t do that. The people who are here illegally do.
Who cuts your lawn? Who dry cleans your clothes? Who works in the kitchen in the thousands of restaurants across the state? Who cleans the toilets in your office?
I did every one of the those jobs at various times from my late teens to early 20s except for the dry cleaning. That might have been a step up. What happened to the work ethic in this country? Perhaps the little liberal shit stains can stop whining and try it out. Being busy has a way of conditioning the mind to have a better attitude.
Headline is why I was so f’ing relieved to sell quickly and above the ask.
Our town had an 8 rated elementary, a 6 rated middle school and a 4 rated High school.
Yeeeesh. It was a shitshow. No doubt schools make a huge difference.
It’s not just illegals juice. Those numbers come from a progressive immigration group. Anchor babies, chain migration, migration lottery also contribute. Don’t forget the 100k “asylum seekers” pouring in each month.
But you don’t really think you can raise a family in nj with landscaper wages? You are kidding yourself.
those people who came to work those menial jobs we are most certainly paying for them just not directly. The full cost has been soici@lized.
F.Eddie,
As the welfare state continues to expand, everyone will be “on the dole” to some degree. Then the differences between working people and not will blur. This is all according to the plans of the statist. They want every person living in this country to be covered cradle to grave, with no moral embarrassment to come from relying on government for basic services. Look at how they have taken over education, I mean the bureau of youth propaganda. Look at Grim’s story today. Because government runs education, people depend upon government for schools, and actually have to buy houses in various districts just to get a better or worse education (though they then find out they have minimal say as a customer in regard to the service provided). Imagine if only residents of a town could eat in their town’s restaurants, and once you moved into that town, everyone had to pay a restaurant tax mostly based on the number of bedrooms and bathrooms in that house. And you couldn’t just drive to the restaurant you wanted to go to, instead the town told you when and where you could eat. Schools are basically run like prisons, but with misleading ideology thrown in for free. A free market approach allowing a real competitive market to develop would yield better outcomes, better customer service, and innovation just as it does in the restaurant industry. Charter schools doesn’t equal a real competitive market.
The welfare benefits, SNAP/WFNJ/TANF etc? Trump has claimed the numbers of recipients are down. The numbers of recipients are down way down.
Stats don’t lie politicians do. Here are some NJ stats on “the dole” recipients.
https://www.state.nj.us/humanservices/dfd/news/cps_jan19.pdf
Frankly I see no problem with people who want to come here and work, and do work in the jobs nobody else wants and the jobs parents won’t force their kids to do anymore. There is a large problem with those employers not paying into the system. The employers are required by law collect the state and federal taxes, they are breaking federal and state laws that require employers to withhold Social Security and Medicare taxes from wages paid to employees. It also requires the employer and employee each to pay half of the FICA tax, then the state taxes withholdings etc.
It is unsustainable when the taxes are not collected. Sending the “guest” workers home by the boat and plane load won’t fix it either.
If you don’t have a green card or citizenship there is no SNAP or welfare. Not sure where you folks are getting your information from but it is incorrect!
In my wonderful district the school bus stops at the end of my road to pick up the kids. My kids walk a 6th of a mile to the bus are are safe and sound every day, plenty of parents around to keep an eye on them. Bus ride is only 1 mile, no highways or dangerous roads other than when it’s icy in the winter.
The school system does has a tale of two cities based upon which side of the road you are on. The North side of town tends to be the lower middle, while my side of the road is the upper middle. We are the move up district in town, the schools are considered better. Is it the teachers? Is it the students? Sure, but it’s also the parents. Most go out of their way to get tutors and other help for their kids. My youngest has had a tutor come by once a week all summer to work on reading. Tutor is also teacher in town as well, well worth $$ for the extra help. I do my part as well but in my opinion kids really do better when it is not their parent being the school teacher as well.
NJ has some very nice schools, but these facilities wouldn’t “perform” if the demographics did not support them. Parents and the kids they send to school are the sole determinant of a school’s success. Bottom line.
He’s referring to this article:
https://www.nj.com/politics/2019/08/trumps-new-immigrant-rule-limiting-green-cards-could-hit-700k-in-nj.html
As for school choice, it is here in CA. So are Charters and they leach money from the public schools in ways you cannot fathom unless you have seen it yourself. It’s horrible. Some but not all of this explains California’s race to the bottom in terms of Educ. results.
There is a new law under serious consideration that would make it mandatory for all students to take a year of “ethnic studies” and true to form the curriculum focus’s on early America’s killing of indigenous people, the wrongs that Israel wrought on the Palestinians and a host of other SJW cries.
So instead of celebrating diversity or whatever, they are drawing pictures designed to show the kids here just how horrible the Country they inhabit is and was. Yay!
Essex,
Some would proclaim you insensitive to the underprivileged for stating that parent involvement is the key to success throughout the educational food chain.
Parent involvement. Just “being there” in some cases is very important.
When I decided I had enough of the Hispanic Charter school I’d landed in I left early one day just after the grades were entered. I was done.
On my way home, I saw a young teen girl walking alone down the street that leads to my subdivision. I quickly realized that kid was my daughter. I pulled over, smiled and gave her a ride home.
I’ve been able to be home with her ever since. Even at 15 I know who her friends are, what she is doing and where she is at all times. I also know if she studies. She recently took a 5 week world History course over the summer to free class time up for her Theater classes during the week, she aced it.
Supervision is not possible for everyone, but a certain BioTech has made this a reality in my house. I have almost no desire to teach out here. So that helps too. Seems like the poor teachers here are even more miserable than they were in NJ and they were pretty unhappy there.
It’s all about the money, I know. Money = Time. Time is the true commodity of value.
“The people on welfare don’t do that. The people who are here illegally do.”
Perhaps we would do better if we shut down illegal border flow and instead focused on getting our permanent welfare strata into first rung job opportunities?
“school choice…Some but not all of this explains California’s race to the bottom in terms of Educ. results.”
And how much of the decline in outcomes has to do with the overstuffing of classrooms with children who barely, if at all, speak our language and know our customs? Why do you think parents who can are fleeing traditional public schools to alternative schools?
“those people who came to work those menial jobs we are most certainly paying for them just not directly. The full cost has been soici@lized”
Anyone want to discuss indigent hospital care and its effect on you paying ridiculous deductibles, copays, and gross billings? Who do you think is paying for all that ‘free’ care through higher costs? Hint, go look in the mirror.
No one, when it comes to public education, the parents generally do have a say. Towns control budgets and school boards. The distinction between towns with good schools and bad schools tend to be related directly to the students who are enrolled and how engaged the parents and community are in the schools. NJ’s welfare state already ensures for the most part that towns are spending very similar sums on schooling per student, they level state education dollars based on the poverty in the districts. As preposterous as this is, somehow we subsidize a place with offices, an airport, a seaport, and an arena meanwhile due to arbitrary town lines there town which do not touch a highway which means no commercial real estate of any value so the entire school burden is born by the home owners.
Property taxes could be leveled in NJ by moving most of the education expense out of local municipalities and applying a county or state level property tax to pay solely for education expenses. Newark needs to pay more and every town should be provided somewhere between 12-15k per student as a minimum viable spend for education, anything beyond this can be paid for with local property taxes, once you evenly apply state aid we’d be looking at funding approximately 8k per student.
JCer,
The “say” of parents in education is infinitecimal in comparison to the say consumers have for other professional services they buy in the marketplace. Nothing like being able to shop around, or complain about services to a company that knows they could lose revenue from losing unhappy customers.
11:10 The problem with education however is that it’s personal.
Moreseo than any other service. Literally your offspring and someone to tell you, your kid is not trying, they are lazy, they are a bully, they are mentally deficient. SO what has happened in the schools is that they are so afraid of lawsuits that they circle the wagons and the consumer gets very little satisfaction. A mediocre product or person presenting said item will no offend anyone, right??
10:54 the say you mention ends of being just politics. Friends and family are hired to create a consensus. Nothing worse than a stranger who sees the issues making trouble for what can be a very cushy gig for the administrator. It’s “their” world in the schools.
the push for accountability helped drive this.
Meanwhile, Rome burns.
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Pura Vida!
From yesterday. Protests continue into today with airport still shut.
https://twitter.com/AlexandreKrausz/status/1160947525442056193
From the way back machine:
https://www.youtube.com/watch?v=YLuZjpxmsZQ
Today might be a good day to sell some long positions before Trump ruins the world economy.
Just made a bit of pocketmoney on the runup. Probably put it into a “car fund” for the 15 year-old.
Essex,
Some easy listening for you –> https://www.youtube.com/watch?v=np3FXa4ORbY&list=RDnp3FXa4ORbY&start_radio=1
1:20 Solid…..I really dig that tone and tempo…..
and now a word from my sponsor…..
https://www.youtube.com/watch?v=Uj2Iu5wcOoQ
I admit a live Bad Religion show resembles a lounge act at this point, but their writing and melodies more than offset the overall lack of charisma live.
Just saw Elvis Costello play live. Probably the best live show i have ever seen. One guy, one guitar and a great backing band. I typically hate lead singer lead bands. Love to see a singer/songwriter (Bruce and others) rock the show….
Just moved from 75 long position/25 short position into 50/50 in my IRAs which account for half my non-real estate related assets. Will probably make a similar move in my 401K. Too many stupid moves by el presidente combined with increase in gold, cliff diving of 10 year and quite frankly, price swings with no connection to reality always reek of the capitulation that precedes major corrections. Heck, the last 3 months of last year was nearly enough for me to pull the plug, but I didn’t. Drop in oil/gas is not a harbinger of a great expansion either. Plus, there’s no place else to go.
What doofus POTUS would beg the fed for an interest rate cut via Twitter. Receive it. And then announce monster tariffs on the same morning. I’ve seen enough. You know something stinks when your 14-year old questions the dubious economic decisions of your president.
Though I’m clueless. I’m liking a mix of XLU and XLP right here.
Essex,
I was thinking they looked like a bunch of Dads playing weekend warrior. lol. Sorry.
At least go for more of a Nad Sylvan look –> https://www.norrsken.photography/ngg_tag/nad-sylvan/#gallery/nad-sylvan/1598
Speaking of which, Steve Hackett is playing the Beacon Theater next month with this madman above on lead vocals and Lee Pomeroy (ELO) on bass. He has the most talented musicians assembled and I want to go but I’d most likely be going alone. There’s only one person I know who would love this show but can’t ask for various reasons.
1:46 that’s great! Whenever I see shows alone, I usually worm my way to the stage. One benefit. Today I prefer reserved seats and the company of my girls. So I choose shows that won’t bore them. Speaking of which Mark Knopfler is coming here soon. Undecided as to what path I will take there.
1:41 not enough coke.
The biggest problem with schools is that progressives have corrupted them in order to make them test labs for their soci@l experiments. Learning is secondary to social programming.
A nice little story on yahoo today about school officials calling an autistic girl by the opposite gender pronouns against her parents wishes. Oblama told schools it was ok to do so. How despicable, like kicking someone when thy are down.
No one, when it comes to public education, the parents generally do have a say. Towns control budgets and school boards. The distinction between towns with good schools and bad schools tend to be related directly to the students who are enrolled and how engaged the parents and community are in the schools.
The town that I previously worked in, the parents now completely captured the entire school system. They got a few of themselves voted to the board and whenever one of them doesn’t want to do it anymore, they resign before the election so one of their friends can run as the “incumbent”. They totally control the BOE and have systematically funneled their influence throughout the entire administration.
2:16 I was told not to call the class “Boys and Girls” but to refer to them as “Scholars” as some did not identify with a gender.
“Just moved from 75 long position/25 short position into 50/50 in my IRAs which account for half my non-real estate related assets.”
CPLG. Finding all these shite companies recently…hotel spinoff, Blackstone, shite chart, S3 filed for sale of 17m shares by Blackstone (33% of float), low on cash, high on debt, low on earnings….
My only hesitation is has it bottomed already….anyway,threw on a short before close, report shortly, conference call at 5.
My other shorts:
GE: Hit it twice, into earnings and right after, out now (early) but good gains
W: Still in, still looking for trending toward 100 by Nov, I’m green and getting better, company just announced a few minutes ago they are doing a large convert offering, stock down 6 in aftermarket, that will help more.
TRIP: Hit it twice, once before and once after earnings, good return on both, had to work for one. Those positions are closed. Have an open vertical put spread ITM that I’ll close this week, need to figure if I want to stay short longer term here.
CVNA: I got spanked into earnings, re-upped with a longer term vertical put, in red again. High conviction this will be a spectacular blowup but it can go to 150 first and take two years before turning down…Need to re-assess position and timing, maybe roll or otherwise adjust.
YELP: On a knife edge from earnings short position last week. Next two days determine profit or loss on this one but I’m keeping it on and not bailing. Long term I like this as a short as I really dislike single product ad based web companies, especially when their product is shit. Will be evaluating how best to continue to play this as a long term short.
CPLG: Mentioned above.
UBER: Made a quick double overnight on earnings, I’m out of that and LYFT for the time being.
TSLA: Along with GE this was an ATM in my basement for the better part of the last twelve months. Similar to the ridesharers I have been out of this, will look again after stock settles down.
SYY: Shorted into earnings, went the other way, red. Need to look at whether worth evaluating harder for a long term short.
Overall, my short holdings have been throwing off a significant return. I keep tight tolerances and nearly always use options so as to avoid borrow risk/fees and quantify my loss if I’m wrong. Always looking for opportunities. LMK what you or your investment group have in mind.
Lib, look at GOOS as well. Earnings tomorrow should include some outlook. Felt like a huge fad last winter, EVERYONE had a jacket at like a grand a pop. That can’t be sustainable…would look toward organic growth, particularly stores open more than a year and if they are on schedule for new store openings for this winter.
I’ll be looking at it more closely.
Statistics don’t tell the whole story. If you want to know what’s going on in the real economy, check the Kearsarge Shopper.
Almost every American community has a pennysaver like the Shopper: a 56-page, staple-bound advertising circular mailed free each week to 21,000 people in the 10 towns of the Lake Sunapee region. It’s the place to find a real-estate agent, a gutter-cleaning service or a “pretty good yard sale.” The internet hasn’t killed every quaint local institution.
Most issues of the Shopper are heavy on event announcements. The community theater’s summer production is “Catch Me if You Can,” and Aug. 25 is the rain date for the Elkins bandstand concert.
In the current issue, however, two words appear more frequently than any others: Help Wanted. The local economy is racing like Bode Miller in a downhill slalom.
Experienced carpenters should call Frank Wiggins Construction, where the motto is “quality doesn’t cost, it pays.” Spring Ledge Farms needs someone to man the farm stand and has several openings for field workers. A company that clears wet basements offers new hires $28,000 to $50,000 annually, “based on your job productivity.”
https://www.wsj.com/articles/the-rest-of-the-economic-story-11565652034
There are white-collar openings, too. A four-year-old tech startup is looking for software engineers and marketing support staff. A company that makes advanced optical technology for the automotive and defense industries seeks machinists and mechanical engineers.
The education sector isn’t lagging. A private school needs a dance teacher and an assistant rock-climbing instructor. A college seeks a grant writer, housekeepers and a chemistry adjunct. A high-school diploma and a love of children are the only requirements for the paraprofessional opening at the K-8 public school.
I’ve been coming here with my family for almost 20 years. I’ve clocked countless changes in the local economy: the influx of Massachusetts retirees, the housing boom of the mid-2000s, the ski-resort panic during the snowless winter of 2012, the opioid crisis.
New Hampshire is a rural state with rural problems. It’s nice that unemployment, currently 2.4%, isn’t among them. Anyone who is able-bodied and wants to work can find a job here. That will show up in the economic data as improvements in average wages, home sales and so forth. You’ll read about it in newspapers like the Journal.
But the Kearsarge Shopper has an important story to tell, too. When people are working, they’ve got money in their pockets. It’s a fair bet that some of it gets spent this weekend at the Salt Hill Pub in Newbury when local rocker Pete Merrigan plays “his first and only pub show of the summah!”
Still don’t believe Pumpkin? Roaring 20’s 2.0. I said this long ago in 2012/13. Man, listen to this newspaper editor from New Hampshire. He has no reason to lie and he is making a strong point about the economy.
I’ve said it many times on here before. When have you ever witnessed an economy where every able body has a job? This is insane.
Lib, don’t touch your holdings. You are f’rn up bad. I can give you loads of data that says you can’t time the market and to just dollar cost avg. You are also bailing on the strongest economy of your life…your 401k performance says so.
Lib, I’m going to keep this brief because I don’t want to cross any lines and you’re a bright guy…
You mention you’re 50% short in an IRA.
Remember it’s critical that your investments reflect your personal situation and goals.
Also, to the extent we have conversations on stocks, I cannot underscore enough that when I state I am short something it is almost always through options.
Why does that matter? Greatly simplified, long term a short only broad market portfolio has an effective EV of zero. Using options I quantify my downside and lever my upside, which combined MAY overcome the bias to negative returns inherent in shorting. Having said that, in no way am I encouraging anyone to start trading options, which for several reasons will blow you up faster than a straight long or short.
Bottom line here, despite being involved in situations (shorting, options) that may imply a high level of risk my portfolio in total is wildly conservative and in capital preservation mode, which is where I need to be for my age and personal circumstance.
Basic generic but incredibly important advice, make sure your portfolio in total is aligned with your personal circumstance.
DAVIE, Fla. (AP) 锟?As offensive lineman Arthur Ray Jr. walked off the Miami Dolphins practice field Friday, he paused to reflect on his improbable journey to an NFL tryout, and his thoughts turned to a pediatric cancer ward.
Selvie and Pierre-Paul each played 13 games in their only season together at South Florida. Selvie started all 13, while Pierre-Paul had seven starts.
“If I took care of the ball today,” he said, “we would be right there in it.”
Larry Asante practiced with the starting defense Friday but has started just two games in his five-year career. Taylor Mays was also back on the field after missing time this week with an ankle injury. Tevin McDonald, currently on the practice squad, is also an option.
“Hernandez allegedly shot him in the face on the morning of Feb. 13, 2013, and left him to die on the side of the road in Riviera Beach, Florida, after the witness made a remark about the homicides,” the office said in a news release.