Sitting on the side of Bollinger and De Anza Bldge, sipping Startbucks coffee, the cars are flying by with the honks and squeeking sounds every now and then, I am pondering - why the real estate price is so high here?
1) school - maybe; but every parent in the right mind knows that kids excel not because of the school, but because of the parents' attention and willingness to pay the bills; "Peer Pressure"? maybe, but it can become so big that the effect is just the opposite --- one delimma
2) the neighbors? could be. When everyone else is making millions a year by doing all sorts of hard-working/investment, you are going to be pressured and copy what the neighbor is doing, especially amongst the asian community; For this purpose, why not move to PA or Saratoga? More rich neighbors, more ideas ... or maybe a matter of fit-in?
3) conveniences - I think this may be the best reason to move into this neighborhood. It is close to a lot of amenities, including the after-school ECs for all the kids that are doing on weekends even on the weekday evenings .... a lot of time saved if they can find such a program around the corner of their house; besides, the shopping is so close-by if that does matter ... but to me, now a days, the shopping is really becoming less and less a portion of our family life --- we can just get by to shop at Trader Joes - once a week; not that big deal even if I have to drive a little ...
Will the RE price drop? maybe not.
