Latest comprehensive news on U.S. investment immigration from Worldway: With the arrival of the era of capital globalization, the demand for cross-border diversified asset allocation among high-net-worth individuals has become increasingly significant. Especially against the backdrop of a strong U.S. economic recovery, a rapidly rising U.S. dollar exchange rate, and the United States once again becoming the locomotive leading the global economy, investing in U.S. real estate has become a strategic layout for the wealthy class to purchase property overseas. In particular, investing in high-quality U.S. school district housing to enjoy advanced American education has become one of the most popular ways for new U.S. immigrants to allocate overseas assets.
So, what are the issues that need attention when investing in the most popular school district housing in the U.S. market? Worldway U.S. immigration experts will provide you with a detailed analysis.
1.What is U.S. school district housing?
U.S. schools are divided into private and public schools based on their support and affiliation. Public middle schools, elementary schools, and kindergartens all follow the principle of "enrollment based on proximity." U.S. law stipulates that any child living within a school district has the right to free education. Areas with high-quality schools attract families with children to move to the vicinity of these schools, thus forming what is known as "school district housing."
2.Only public schools have the concept of a school district
Private schools are established by religious organizations and individuals and charge higher fees; the school attended is unrelated to the area of residence. The commonly understood concept of U.S. school district housing actually refers to public schools that accept students based on the principle of proximity.
3.The difference between school districts and administrative districts
The division of U.S. school districts is specific to every street and every house number and has no direct relationship with administrative districts. Administrative districts and school districts often overlap or "cross boundaries." Many people mistakenly believe that a good school district is the city or region where the school is located, but if you do not verify the specific address of the property, it is very likely that even if you buy in a good school district, you may not be able to enroll in a good school nearby.
4. How to choose schools and school districts
The performance of high schools within a school district is the main indicator for measuring whether a school district is excellent. In addition, indicators such as the school's historical background, the education level of parents, whether the school district has specialized educational subjects, the activity level of the school's parent-teacher association, and the sense of pride among students and parents are also very important. Because for American values that emphasize a child's comprehensive ability, a student who only studies for high scores without social activities will often not be admitted to a good university. Therefore, when choosing a school district, Chinese parents should examine whether a school is excellent based on both scores and comprehensive indicators.
5. Elements of high-quality school district housing
While choosing a good school district is important, selecting a high-quality house within a good school district is equally crucial. The following elements can be used for reference:
Resident Quality: The quality of residents in the community can reflect the culture and education level of the community. This can usually be examined through the ethnic composition ratio, divorce rate, the ratio of families to singles, and the education level of the residents.
Convenience of Life: This includes transportation, shopping, entertainment, etc., and whether there are highways, large shopping malls, parks, or public facilities nearby. For Chinese people, if there is a Chinese supermarket near the property, it can be a major plus, as this means the surrounding area has become a relatively mature Chinese community, and there will be more supporting facilities related to Chinese life.
Public Safety: If you plan to live in a place for a long time, the first thing to examine is the safety of the community; in fact, this is the primary indicator for choosing a place to live. To examine whether a school district is safe, one can check regional crime rate reports on websites; two, conduct on-site inspections. If there are always idlers wandering around on the street, there must be hidden dangers.
6. The relationship between property tax, schools, and school districts
The educational funding for public schools mainly comes from property taxes in the areas surrounding the schools. School district funding is directly proportional to the amount of property tax. If a school has more funds, it has the financial resources to improve teaching quality. In the United States, if you own a house, you need to pay property tax.
Property tax is collected by each county or municipal government, and the tax rate varies from place to place, mostly between 1% and 2% (some areas may be higher than 2%). Property tax is levied based on the assessed value of the house. Local governments publish the destination of property taxes in detail every year. Usually, more than half of the total property tax in each area is used for public primary and secondary schools, such as repairing school buildings, purchasing equipment, hiring teachers, carrying out activities, and school bus transportation.
In short, if the house prices in a school district are high, the property tax will be correspondingly higher, the money used for schools will be correspondingly abundant, and the school's teaching quality will improve. Good schools will inevitably attract parents to buy "school district housing," thereby driving up housing prices.
Worldway U.S. immigration experts point out: Having U.S. immigration status makes real estate investment in the United States more convenient. The key to successful U.S. investment immigration lies in choosing the project. The Pennsylvania Turnpike project, exclusively represented by Worldway and pre-approved by the U.S. Citizenship and Immigration Services, is a 100% U.S. government EB-5 project with loans from the state government and a repayment commitment from the state government. The first phase was sold out in just two months. Currently, the second phase of the Pennsylvania Turnpike project has seen an even more enthusiastic buying situation than the first. On March 21 and 22, Worldway will hold official briefing sessions for the Pennsylvania Turnpike project in Beijing, Shenzhen, Qingdao, and other places. Executives from the DVRC Regional Center and the Pennsylvania Turnpike Commission will be present. Registration is currently hot, call the reservation hotline at 400-138-2929.
Shenzhen
Time: Sunday, March 22, 2015, 14:30-17:00
Location: Lily & Lotus Room, 29th Floor, Four Seasons Hotel Shenzhen (No. 138 Fuhua 3rd Road, Futian District, Shenzhen)
Special Guests: Mr. Richard C. Dreher, Deputy Chief Financial Officer of the Pennsylvania Turnpike Commission, and Mr. Young Min Ban, Director of the DVRC Regional Center
Beijing
Time: Saturday, March 21, 2015, 14:30
Location: Beijing Hall, 3rd Floor, Four Seasons Hotel Beijing (Liangmaqiao Road, Chaoyang District, Beijing)
Qingdao
Time: Sunday, March 22, 2015, 14:00
Location: Meeting Room 2#, 5th Floor, The Westin Qingdao (No. 8 Hong Kong Middle Road, Shinan District, Qingdao)
Special Guests: Mr. Timothy J. Carson, Former Vice Chairman of the Pennsylvania Turnpike Commission, and Mr. Joseph P. Manheim, President of the DVRC Regional Center
