So I'm finally faced with dreaded school choices.
My son will be 4 by November, and could go to pre-K in New York. Unfortunately, he does not make the cut of date of being born before September 1 to qualify for pre-k where he normally goes, in NJ at my husband's job.
I applied for pre-K in NYC. My choices were few and far between and dismal. There was not even a "dream choice". I put in one choice, and if by some miracle I get in, I'm not even sure I will accept.
So I think what we will do is let him continue to go to pre-school at DH's job part time (he does not go when my DH is on business travel) and we study with him every day to make sure he knows the curriculum. I will try to get him into the "gifted and talented" NYC programme, where he would have a choice of schools, but that's a long shot. The competition and prep for these things are insane. There are parents who send their kids to specials programmes that cost thousands for the sole purpose of testing into a that programme.
Our choices are:
1) Pay 43-46K a year (even for pre-K) at one of 3 very good private schools near us. Not really an option.
2) Buy a cheapest apartment possible in a good Westchester school district for the address and drive him to school.
3) Move to Westchester, greatly increasing commute, distance from friends and family, and property taxes (1-2K a month). And these prices in districts are driven up like crazy by that one feature.
3) Buy a tiny studio on Upper West Side or Upper East Side and live there 4 days a week while my son is attending school. 1K+ a sq foot, plus maintenance charges. We will be strapped for cash like crazy, but at least at the end, the apartment will be an investment. (choices are limited, because many co-ops have very restrictive subletting policies).
4) We have good friends that live on UWS. "move in" with them for a while? Once you start a school year, I think they will let you finish it. Put their bills in our names and pay them? (Worth it). But if you own property 15 minutes away, it may be hard to convince school district that you are renting a room from someone else and are living there. Not to mention that these friends have a rent stabilized apartment...
5) Sell our apartment, all our investments, and buy a 1 bdr. in Manhattan?
Prices in Manhattan are going up like crazy. All the 1bdms I was looking at 3-4 years ago when we were deciding where to buy are now 200-300K more expensive.
This place is not so affected by economy because so many foreigners buy (like all the rich Chinese buy for their kids, and rich from pretty much every country think it is a good investment for their family... and they pay all cash. It is so widespread that realtors have toll free international numbers and currency calculators on listings. Plus, there was never any of those "no money down" nonsense in NYC. Most apartments are co-ops, and have strict requirements on income and 20% down and don't allow someone with not enough money to even buy, even if the banks are willing to lend. So no one was walking away in droves like in other areas of the country.
Anyway, I feel I have to do something, just not sure what it is.
My son will be 4 by November, and could go to pre-K in New York. Unfortunately, he does not make the cut of date of being born before September 1 to qualify for pre-k where he normally goes, in NJ at my husband's job.
I applied for pre-K in NYC. My choices were few and far between and dismal. There was not even a "dream choice". I put in one choice, and if by some miracle I get in, I'm not even sure I will accept.
So I think what we will do is let him continue to go to pre-school at DH's job part time (he does not go when my DH is on business travel) and we study with him every day to make sure he knows the curriculum. I will try to get him into the "gifted and talented" NYC programme, where he would have a choice of schools, but that's a long shot. The competition and prep for these things are insane. There are parents who send their kids to specials programmes that cost thousands for the sole purpose of testing into a that programme.
Our choices are:
1) Pay 43-46K a year (even for pre-K) at one of 3 very good private schools near us. Not really an option.
2) Buy a cheapest apartment possible in a good Westchester school district for the address and drive him to school.
3) Move to Westchester, greatly increasing commute, distance from friends and family, and property taxes (1-2K a month). And these prices in districts are driven up like crazy by that one feature.
3) Buy a tiny studio on Upper West Side or Upper East Side and live there 4 days a week while my son is attending school. 1K+ a sq foot, plus maintenance charges. We will be strapped for cash like crazy, but at least at the end, the apartment will be an investment. (choices are limited, because many co-ops have very restrictive subletting policies).
4) We have good friends that live on UWS. "move in" with them for a while? Once you start a school year, I think they will let you finish it. Put their bills in our names and pay them? (Worth it). But if you own property 15 minutes away, it may be hard to convince school district that you are renting a room from someone else and are living there. Not to mention that these friends have a rent stabilized apartment...
5) Sell our apartment, all our investments, and buy a 1 bdr. in Manhattan?
Prices in Manhattan are going up like crazy. All the 1bdms I was looking at 3-4 years ago when we were deciding where to buy are now 200-300K more expensive.
This place is not so affected by economy because so many foreigners buy (like all the rich Chinese buy for their kids, and rich from pretty much every country think it is a good investment for their family... and they pay all cash. It is so widespread that realtors have toll free international numbers and currency calculators on listings. Plus, there was never any of those "no money down" nonsense in NYC. Most apartments are co-ops, and have strict requirements on income and 20% down and don't allow someone with not enough money to even buy, even if the banks are willing to lend. So no one was walking away in droves like in other areas of the country.
Anyway, I feel I have to do something, just not sure what it is.

You get to have another year with your little boy. Do you really want to start him on the rat race as soon as you possibly can?
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