Doug in NC
Elite Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
My child's elementary school is facing a proposed reassignment of a portion of its students. The affected children will not be allowed to go to the school 1/2 mile away, instead they will be sent to a newly constructed school that is about 7 miles away (with traffic could be a 15 minute drive).
Homeowners are wondering what the effect this move will have on property values. Naturally, parents want their children to go to the closest school, and it is logical that a parent moving into the subdivision would be willing to pay less for a home affected by the reassignment. (I won't get into the politics of why I believe the school system wants to promote "socio-economic" harmony with this move, as opposed to racial diversity quotas which have been found to be unconstitutional - unless I am asked)
Anyone heard of any appraisal studies done on this type of thing? If I can find some evidence of loss in property value associated with a proposed move, it would be further ammunition that could be used to stop this senseless plan. Thanks.
Doug
Homeowners are wondering what the effect this move will have on property values. Naturally, parents want their children to go to the closest school, and it is logical that a parent moving into the subdivision would be willing to pay less for a home affected by the reassignment. (I won't get into the politics of why I believe the school system wants to promote "socio-economic" harmony with this move, as opposed to racial diversity quotas which have been found to be unconstitutional - unless I am asked)
Anyone heard of any appraisal studies done on this type of thing? If I can find some evidence of loss in property value associated with a proposed move, it would be further ammunition that could be used to stop this senseless plan. Thanks.
Doug