Yes timing in real estate is important and market values do change. Since September 2012 to 2013 the median home price in Los Angeles has increased 50%. Sales on the upper end of the market is probably tilting the median price scale a bit, but nevertheless the market appreciation is real and values have increased.
This article was printed in the Los Angeles Times and is a great take on the challenges and difficulties in finding both a neighborhood you want to live in and a school for your children. Read on…. See original article at “The Real Race to the Top” L.A. Unified’s grade-school game Getting your child into the L.A. Unified elementary school of your choice involves a lot of planning, patience — and luck. By Leslee Komaiko December 14, 2011 Want to send your child to a well-regarded LAUSD elementary school? Get your notepad ready, and maybe some aspirin too. If money is no object, move — simply purchase or rent a home near your desired school. Residential property. An office where you’re writing a novel won’t do. And don’t take the real estate agent’s word that the school a block away is your home school. Just because you can hear the tether balls being whacked, it doesn’t mean your child is destined to hit those tether balls. (Double-check addresses for home schools here: Oh, and if the school you want is a magnet or, in certain cases, a charter, disregard the above. For that, even money won’t help. You have to […]