Beverly Hills, CA
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In United States
Registered May 27, 2010
chubbuni138016's most recent comments:
- On 29 Mar 2011
Should I pay for mortgage or for a private school?,
There's a lot of great discussion in this thread, more so because it's punctuated by personal experiences of the posters. I suppose I should add my $.02:
I attended the #3 ranked public high school in the nation (according to US News rankings), but I was not a motivated student and got mostly B's and C's in my classes. Entering university, I went to a 2nd rate UC school and in comparison to my high school curriculum, the courses were so easy that I got a 3.95 GPA my first two years. With that GPA, I was able to secure an academic scholarship and transfer to UCLA where I finished up with a BA. I was lucky, but it seems like there are far fewer "second chances" in academia than there were in the 90's and even early 2000's.
To bring it back to the OP's question, I think that it's very important to assess your children's ability before you decide to make such a cost-heavy decision. You don't want to sell them short, but if they're not the type to excel in a competitive, high-stress high school environment (like me) then I think that it's not useful or fiscally sound to put them in that kind of a situation.
It might not be a bad idea to rent in an area that's accessible to whatever school you are looking at. Then gauge your kid's abilities with regards to the school district and/or private school and then make a housing decision accordingly. Just my thoughts on it, good luck...
- On 16 Nov 2010
My current real estate purchase in Phoenix area.,
Nice work, Roberto. Sounds like you know what you are doing. What resources do you use to go about finding these properties?
- On 16 Nov 2010
Little Tokyo Lofts in Los Angeles,
Why do you think you would get it for anywhere near 100 K, when the last sales of smallest units were apparently at >200 K?
I agree that 100k might not be viable. However it's more than an academic exercise. If you're looking at comps you have to factor in that they're all in much better areas. This is the only loft that I'm aware of that is this far into skid row. Every other property that I've seen is either 3 blocks north into Little Tokyo, or way down South and East in Downtown proper.
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