The economy might be in a bad place, but real estate in Brooklyn doesn't seem to be affected. Business Insider looks at how the great public schools in our area are driving prices:
“Family-sized two- and three-bedroom apartments in the area are almost always in high demand and rarely sit on the market for very long,” Paul Paglia of Brooklyn-based Garfield Realty explains. “In fact, buyers will often tailor their search based solely on the reputation of a particular program, sometimes forcing over-crowding and wait-listing in the earliest grades.”
And while some may balk at the lengths people will go to get their kids into the right schools, Paglia knows the power of the right zip code.
“I've heard of parents going so far as to bribe landlords to ‘purchase’ a ‘mailbox’ to get their children enrolled in some of the more elite public programs.”
I know that navigating the public school application process is tough, but have you heard any sordid tales like that? And did you, or someone you know, move to this neighborhood specifically for the schools?
Speaking of tough--today is the deadline for high school applications. Good luck to all you students (and parents)!
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