says: (9/27/10 1:50 PM)
What? This is ridiculous. Doesn't POTUS know they are considering re-opening the school in Near SE on 5th and M...home prices are going to go through the roof!!! Cha Ching!!!
President Obama said Monday that his daughters could not get the same level of education from D.C. public schools that they receive at the elite private school they attend. In an appearance Monday morning on NBC's "Today" show, Obama was asked by a woman in a television audience whether a public school in his home city could measure up to the standards of his children's private school. "I'll be blunt with you: The answer is no right now," the president replied. The D.C. public schools, he said "are struggling."
says: (9/27/10 3:37 PM)
I doubt anyone on the forum is unsure as to your position on the issue. Is there really a need to be such an ass about it?
says: (9/27/10 5:13 PM)
Yes, it is. The main reason I can be an @ss about it is because everyone rallied against me a few weeks ago suggesting I "do my research" when I stated that the school will not reopen and, if it does reopen, it will not necessarily increase home values.
Well, I took it for what it was worth and I did my research and discovered that a good school, one that performs above the national average does, in fact, increase home values. However, the same research revealed that simply, a school, an underperforming school, even an average school, does not have the same net effect on home values.
I am in this neighborhood for the long-term. But, I believe the increase in home prices will come from economic improvements, such as industry, trade, commerce, restaurants, coffee houses, an expansion of federal agencies, and a grocery store. Of course, the wild card in all of this is if the Nats happen to win their Division one year. This will jumpstart rapid growth. Until then, we will have to play the waiting game regarding the number of neighborhood residents, corporate lending, and retail expansion
These economic improvements can only come from the continuation of public and private partnerships, including, but not limited to, small business tax incentives and tax deferrement for Schedule C and 1120-S business income, and an increase of the tax base - which will come from additional high-income residents moving to the neighborhood, and, unfortunately, an increase in the tax rate.
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