Dallas Real Estate News: What Does “The Formula” Mean for You and Your’s?

Share News:

Had lunch with a colleague, who reminded me of something I had forgotten now that our kids are all grown up: “The Formula”.

What is the Formula? It’s the number of kids you can have and still live in Dallas and send the munchkins to private school and afford it all without robbing Peter to pay Paul. It’s the point at which a house in the Park Cities or Southlake becomes a better investment than the cost of that private school tuition for all the kiddos and the amount of discretionary spending you have left over, if any.

With budget cuts looming in Austin, and though it’s not related directly, the embarrassing behavior of some of our city leaders,  we are paying higher taxes and getting way less… so why not move into a better school district and put the money into home equity… or be able to buy a second home the family can enjoy for generations?

For us, The Formula was two kids and four dogs.

Candy Evans

Candy Evans

6 Comments

  1. BRice on March 23, 2011 at 4:33 pm

    Three kids and three private-school tuition payments! Ugh- the tuition is astronomical, but I am not inclined at this point in time to send my kids to public school. Yikes!



  2. BRice on March 23, 2011 at 4:33 pm

    Three kids and three private-school tuition payments! Ugh- the tuition is astronomical, but I am not inclined at this point in time to send my kids to public school. Yikes!



  3. Va Dietrich on March 23, 2011 at 7:46 pm

    So true, thanks for bringing this up!



  4. Va Dietrich on March 23, 2011 at 7:46 pm

    So true, thanks for bringing this up!



  5. Betty Cinmeath on March 24, 2011 at 1:43 am

    If you are talking about the embarrassment that is our current mayor situation and the 14-1 City Council, there is no doubt people do want to move to Dallas and if they live here, want to get the h e double hockey sticks out. This is why we need Mike Rawlings as Mayor of Dallas if there is any hope for us!



  6. Betty Cinmeath on March 24, 2011 at 1:43 am

    If you are talking about the embarrassment that is our current mayor situation and the 14-1 City Council, there is no doubt people do want to move to Dallas and if they live here, want to get the h e double hockey sticks out. This is why we need Mike Rawlings as Mayor of Dallas if there is any hope for us!