Real estate commentator Nick Perry warns against buying next to schools. Parents drop off kids at 8 AM and 2:30 PM, parking on the street and blocking driveways. The daily traffic chaos kills property values and makes the place harder to sell.
Never, ever, ever buy a property next to a school. Otherwise, you'll get fewer buyers and lower offers when it's time to sell. Here's why. See, every morning at 8:00 AM and every afternoon at 2:30, multiple cars line up on the street, parking in front of houses, honking, congesting the road, and blocking driveways. It's so bad that residents have to put traffic cones in front of their driveways so parents don't block them in, which is why most homeowners won't want to buy there, and also why renters won't want to lease there, because their peace of mind is worth more than saving a couple thousand dollars. So make sure to
