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The "housing discussions only, no rude comments about Indians, Mexicans, Arabs, etc." thread


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2006 Mar 29, 3:21am   12,071 views  95 comments

by HARM   ➕follow (0)   💰tip   ignore  

Can we please get back to discussing the housing market? Many of the regular bloggers here are really getting turned off by the ugly tone of recent discussions --myself included. In any case, race is not really directly relevant to asset bubbles anyway. Wage arbitrage and border policy have some economic relevance to be sure, but the last time I checked, irrational exuberance had no color.

Let's try harder to keep it civil people.
Thanks, HARM

#housing

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88   skibum   2006 Mar 30, 3:55am  

To make this working vs. stay-at-home mom discussion relevant to the BA, did any of you remember this article from the Aug '05 issue of SF Mag???

**********
The Woodside Four
Got baby? With the Peninsula's smart set, four's the magic number.
By Leslie Gordon

They spend their time packing junk food-free lunch boxes instead of Vuitton briefcases. They've traded courtroom skirmishes for PTA dustups. And only once in a while do they think about whether their Ivy League degrees prepared them for their current job as minivan chauffeur.

Welcome to the lush, lavish suburbs of the Peninsula, where a baby boom among well-to-do women is giving rise to the moniker Woodside Four—named after women who love motherhood so much they have not two, not three, but four kids. Having escaped cramped, child-unfriendly San Francisco, where schools are shuttering and backyards are as teeny as a $500,000 condo, these women traded up with bigger homes, husbands with bigger paychecks, and, of course, bigger families. And before you hurl a barrage of Stepford comments their way, consider this: while many wealthy city women prefer to indulge in the three Cs—clothing, careers, and cosmetic surgery—Woodside, Los Altos, and Atherton moms are only OD'ing on children.

"My standing joke is that if it was the 1950s, I'd have eight kids," says Woodside PTA president Liz Dressel, a mother of four girls ages three to ten. A former real estate attorney, Dressel has long focused her energies on playing Blue's Clues, making trips to Roberts  Market to load up on Pirate's Booty, and washing out ziplock bags (she's an environmentalist). She says she prefers the commotion of kids to the law, and her three best friends in Woodside, all former professionals as well, are also moms of four. And we're not talking about fertility "accidents" here. Throughout the upscale suburbs of the Peninsula, families of five and six are as common as ear infections.

What gives? In the Third World, international aid workers educate women in order to lower the birthrate. But many Woodside Four moms claim they're just influenced by having grown up in large families. Only thing is, their moms came of age in the fifties and sixties, before women entered the workforce in droves. Today, having a family of four, even with a platoon of nannies and housekeepers in tow, essentially ensures that any careers these women might have had once upon a time are deader than Sesame Street's beloved Mr. Hooper.

Others attribute the preference for four as inflation creeping into mothering—for well-off women, at least. "Three is the new two," says Eileen Aicardi, a San Francisco pediatrician whose practice is filled with upper-income patients. "So when mothers who can afford it feel like they've been there and done that, they go for four or more kids."

Eliza Foxcreek, a mother of three in San Francisco, has several friends who are Woodside Four moms and believes that a culture of hyperachievement is a factor. "When former career women become parents, there's this ‘How do I superachieve, how do I get my ya-yas in another realm?'" says Foxcreek, a Stanford MBA. "They put it all into having kids." And with seemingly everyone around you popping out one baby after another, having four children seems perfectly normal, if not a subtle marker of status. As Foxcreek explains, "There's something impressive about being fecund, about starting a clan."

*********

Besides being a major fluff piece, it is interesting in light of this discussion re: the line, "Having escaped cramped, child-unfriendly San Francisco, where schools are shuttering and backyards are as teeny as a $500,000 condo, these women traded up with bigger homes, husbands with bigger paychecks, and, of course, bigger families." A little harsh, but is there truth to the sentiment??

89   FormerAptBroker   2006 Mar 30, 5:09am  

astrid Says:

> I don’t mind professional women taking a couple
> years off for child rearing and take up volunteer
> work. But if that’s their plan all along, why don’t
> they just get their MRS in college/HS and start baby
> making immediately? A lot of people would love to
> take their spots in grad school and continue working.

I saw a study a while back that looked at the percentage of male and female Harvard Law School and Harvard Business School grads that were still working full time in their 40's. It was almost all the men and about half the women. A friend of mine (that is a Harvard Law school grad) commented that the main reason the number of men still working was not closer to 100% was due to guys dying young. This same friend made a comment when Sandra Day O'Conner retired that every guy he knows would have to be carried out of the Supreme Court on their backs...

90   Randy H   2006 Mar 30, 6:08am  

SQT,

I stayed home for the first couple of years when our child was born. If that means I gave up my "man card", then I was happy to do it. I have a relationship with my son now because of that time caring for him that many men would do well to experience. Even though we both now work, I am still the "flex parent", who is available on-demand for child-related things. It is a utilitarian decision for us. My wife is a Controller, so she has little flexibility. I'm a ... hmmm, what am I? Anyway, I am mega-flexible, so I should be the one to take the point with our son.

Then again, I find stigmas generally annoying. If anyone insists there is a "normal way" of things I'll be sure to go out of my way to do something else altogether.

91   Randy H   2006 Mar 30, 6:42am  

SQT,

If by rarity you mean oddity, sure I admit it!

92   DinOR   2006 Mar 30, 7:01am  

BA,

Thanks for keying us in! Just another trick up the sleeve to give the appearance of normality. It wasn't long ago that those bothersome details would have been covered during the ensuing "bidding war" so now (and I believe you are right on this one) recent buyers probably SHOULD be challenging their tax bills.

93   skibum   2006 Mar 30, 7:17am  

We're in the mom work vs. no work situation as well, directly impacted by BA real estate prices. By normal US standards, we make a good combined salary (2+HaHa's between the two of us). However, in the BA, with a baby, the wife will be going back to work at the end of the summer in large part b/c otherwise we won't be able to afford more than some stucco box in the Peninsula when we eventually buy (at the nadir of the market!!) It turns out, she has a lot more earning potential (attorney) than I do (MD), so if anything, I should quit and stay at home...

94   Randy H   2006 Mar 30, 7:24am  

skibum,

It turns out, she has a lot more earning potential (attorney) than I do (MD), so if anything, I should quit and stay at home…

I'm biased, but if you do decide to stay home, at least a while, you won't ever regret it. Myself, I found no real resistance blending in with other neighborhood at home moms. We all took the kids to the park together, and they actually seemed to appreciate having a guy around in the group.

95   DinOR   2006 Mar 30, 7:50am  

PS,

Understood! Just for the record though most guys don't take rejection all that well. I got to the same point you did, someone would actually say YES and I would just keep selling until I realized I'd better shut up and take their business. Funny world, ain't it? I have to agree, the very thing that attracted me to the lease option arena was the fact that most of the faint of heart would simply say it's not worth the trouble. "I'll just go ahead and buy the damn thing!" Perhaps that is what should have been said, this is not for the faint of heart.

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