Wednesday, July 16, 2008

School test scores drop.

Greenwich 10 th graders seem to be doing as poorly on math, science and reading scores as their counterparts in other parts of the state, which baffles me. We're a town comprised of, in the main, well educated parents with an abiding interest in the academic success of their children. I can understand why a kid in Hartford, with a single, drug addicted mother and a slum as living quarters might not be able to read at grade level, but Greenwich? We spend more per pupil than any other school district (with the possible exception of Hartford) for poor results. Why? And what's going wrong in our schools? Even if you, like me, have no children in school, this issue affects your pocketbook - real estate values are hugely dependent on the quality of public education. I doubt we need to spend still more money on the issue, but we ought to find out why the dollars we are spending achieve so little.

Update
A comment below takes me to task for writing about slum kids in Hartford. I, too have at least a little experience trying to teach such kids; in 1969, as a high school student, I tutored a young man in Trenton at his house which I think fairly could be described as a slum. Our tutoring sessions were constantly interrupted by his noisy siblings - they had no other room to play in - while his very young mother, clearly on some kind of drug, snoozed in the corner. Far from denegrating kids like that, I was attempting to cut them some slack. Maybe that's the "soft bigotry of low expectations" but I contrast that student, eager to learn despite his living conditions, with spoiled Greenwich kids and conclude that our kids, at least, have no excuse for not learning.
Trees
Once again, according to Greenwich Time, our town officials, including a so-called Republican, Peter Crumbine, are nosing around a proposal to regulate the cutting of trees on private property.

"Republican Selectman Peter Crumbine asked Tree Warden Bruce Spaman if he could consider adopting a similar ordinance curbing the removal of trees on private property.
"There is a lot of interest in the community and concern about a great deal of clear cutting in town," Crumbine said. "Are you considering what you can or can't do about that?"
Spaman said while the town doesn't currently regulate the removal of trees on private property, some towns have adopted restrictions limiting removal of trees on private land successfully.
"I expect that to be the other shoe to drop," Spaman said.

Look - I like trees, and even have a few of them on my own property, providing shade, a home for squirrels and all sorts of ecologically-friendly benefits. But the typical Greenwich homestead is cluttered with the things, and, here's a shock, they're all second (or third or fourth) growth. No one ever built a stonewall in a forest, so when you trip over one when hiking, be assured that you're traipsing through a former pasture. Similarly, Fort Stamford,on Den Road, was sited where it was so that Revolution-era soldiers could keep an eye on British traffic on Long Island Sound. It was a clear sweep of farmland from the top of the hill to the water, a distance of, what, 8 miles? Try spotting even a glimpse of water from that vantage point today and you'll fail.

Mature, well-sited trees add value to a house, but a clutter of scraggly celulose that preempts a yard does nothing but detract from that value. Who is to decide between preservation and removal? Mr. Crumbine and his supporters want to hand off that right to yet another commission. I think that Greenwich homeowners should fight to reserve the decision to themselves.

Recent sales

Bidding war!
314 Sound Beach Avenue, a modest little cape, came on this spring asking $1.39M and went to contract almost immediately via a bidding war. It closed yesterday, so we in the real estate world could finally learn the winning bid: $1,510M. The successful bidder was represented by an agent who often works with builders so this house may be destined for razing, I don't know. It's a brave builder, if so, but it's nice to see multiple buyers out there seeking the same property. Gladdens the heart of every would-be seller.

34 Cedar Wood Drive didn't go to multiple bids, but this new, big (9000+ sq.ft) house asked $7.895M and quickly accepted an offer of $7.375. Smart builder, in my opinion.

Two that haven't sold include a two bedroom in Cos Cob that sat on the market unwanted for just under $2M. I thought it should be asking far less than that, somewhere in the $1.495 neighborhood and I expected it to sell for even less, perhaps $1.395. Instead of lowering the price, the seller renovated the master bath kitchen and a lower level bath and has returned it to the market for $200,000 more than its original asking price. If, as I suspect, it's the location that's been hampering the sale, then the renovations won't help - the location remains what it is. But we'll see, and if the house sells, I'll have learned a lesson, one which I'll pass along.

17 Marks Road, in Riverside, provides a nice illustration of our declining market, at least for old (1898), smallish (3 bedroom) homes. It sold in May '04 for $2.250M and with no major improvements, was put up for sale again September 1, '05 for $2.835. That didn't really work out but it did sell in July '06 for $2.495. Now it's back again and yesterday its price was dropped to $2.45. After deducting commissions, conveyance taxes and attorneys' fees, someone's going to be hurting.