Comments on: As Wall Street Plunges, Expect More Super Homes to Hit The Market

By: anon

anon — Fri, 19 Sep 2008 19:57:21 +0000

Actually, the families I was thinking of moved not for private schools, but for Oakland public schools in the hills, which are apparently excellent. So that’s an option, too.

By: tracey.taylor

tracey.taylor — Fri, 19 Sep 2008 18:04:24 +0000

Anon: Yes, there is a plethora of school choice in the East Bay if you can go private. (And some good options in the Berkeley public sector.) I think the other reason families move east if more space — bigger homes and lots of outdoor activities.

By: anon

anon — Thu, 18 Sep 2008 18:30:12 +0000

I know several Oakland i-bankers as well—they all work in SF (logically I guess) but have young kids, so they moved to the East Bay for the schools (and I think one couple even lived in Oakland pre-kids, too). Ironic to move to Oakland for the schools, I guess, but if you have enough cash, you can’t beat some of the public schools up in the hills!

By: tracey.taylor

tracey.taylor — Wed, 17 Sep 2008 21:48:31 +0000

SW: I see you mock! I concede it might be stretching it to imagine many investment bankers living in Oakland. But there are some — I know because some of them are acquaintances of mine.

The majority no doubt inhabit Pacific Heights mansions and ranches in Marin, however, don’t you think?

David: You are right, of course. We shouldn’t spend too much time feeling sorry for IBs.

By: David

David — Wed, 17 Sep 2008 20:57:52 +0000

If they were smarter than their collective decisions indicate, they’re sitting on enough money to retire somewhere cheap at the very least.

Or they’re young enough to ride it out with a better cushion than a lot of other people who are out of a job. I know, I’ve been there.

By: sw

sw — Wed, 17 Sep 2008 20:52:34 +0000

I-bankers living in Oakland? HA!