garfangle_IHB
New member
<p>Irvine has invested heavily in raising/maintaining the reputation of its public schools. TIC has advertised to prospective homebuyers that Irvine schools are among the best in California and Irvine is a family-friendly environment. Irvine students have some of the highest test scores and do not plague the school system with problems. However, all this has been build upon a backdrop of upward mobility for Irvine residents and an expansion of resources devoted to its kids. With the bursting of the housing bubble, jobs will be lost, wealth will evaporate, development will recede, and community amenities will be slashed.</p>
<p>With all this dislocation and trauma, many residents of Irvine will hunker down and try to scrape by if they can. This will put enormous stress on families, which won't be good for the children. If Mom and Dad are fighting over the household budget, which bill to pay, and avoiding calls from debt collectors, kids will have a hard time concentrating on schoolwork. Moreover, the schools will be in a bind themselves, having to cut back on non-essential programs and activities, a casualty of collapsing property tax revenues. Therefore, one can expect the high test scores to fall from previous years and the quality of the school infrastructure to suffer as well. TIC may have to revise its marketing in the future to reflect this development.</p>
<p>Of course, the housing depression will affect all of California, so on a relative basis it might not be so bad. Although since the OC was the epicenter of the mania, it has much farther to fall than most places.</p>
<p>With all this dislocation and trauma, many residents of Irvine will hunker down and try to scrape by if they can. This will put enormous stress on families, which won't be good for the children. If Mom and Dad are fighting over the household budget, which bill to pay, and avoiding calls from debt collectors, kids will have a hard time concentrating on schoolwork. Moreover, the schools will be in a bind themselves, having to cut back on non-essential programs and activities, a casualty of collapsing property tax revenues. Therefore, one can expect the high test scores to fall from previous years and the quality of the school infrastructure to suffer as well. TIC may have to revise its marketing in the future to reflect this development.</p>
<p>Of course, the housing depression will affect all of California, so on a relative basis it might not be so bad. Although since the OC was the epicenter of the mania, it has much farther to fall than most places.</p>