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How does one decide what to do when he or she returns home?
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Sat Jul 22, 2006 3:43 pm    Post subject: Reply with quote

JZer wrote:
Quote:
You can teach in more than just those areas with a BA and teaching cert.


The point was that I don't have a teaching certification and don't really want to spend a year in school not earning any money.

I do agree that those areas need dedicated teachers the most.


Two issues here.

One is that you don't have to go back to school and do nothing work wise.

Two is that you don't have to go to nasty inner city schools (I sure wouldn't want to!).

Arizona (and probably other high growth states) has a program where you can go to work with just your degree and they give you a provisional certification. You do have to take a few classes to convert the provisional to a regular certification.

I looked into it couple years ago - and haven't looked at it recently - but I would guess such programs still exist.

Worth checking out anyway.
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pollitatica



Joined: 20 Sep 2005
Posts: 82

PostPosted: Sat Jul 22, 2006 4:17 pm    Post subject: Reply with quote

I was trying to say that you can teach in schools that aren�t "nasty inner city schools." A lot of the more rural schools NEED ESL teachers the most. Every school webpage I've looked at here in Central PA, needs ESL teachers for this coming school year. I'm going abroad and am not getting my teaching cert/Masters until I get back, but they all need them. All four years I was getting my BA, I worked two jobs.

I agree, the semester you student teach would be tough. But there are teacher-intern certification programs, that you are working, getting a teachers salary and take courses to get your regular certification.

If you dont want to teach within the school system, then I'm not really sure what to tell you. Move to somewhere were there is a high concentration of non-Englsh speaking folk and see where that takes you I guess.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 1:12 am    Post subject: Reply with quote

Interesting, are those schools willing to hire someone with out a teaching certificate. I am from Central PA but in my county there are no ESL teachers. I am from the Indiana, PA area.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 1:16 am    Post subject: Reply with quote

Quote:
Arizona (and probably other high growth states) has a program where you can go to work with just your degree and they give you a provisional certification. You do have to take a few classes to convert the provisional to a regular certification.


Thanks for the info but I think I want to stay in PA. One reason is that as you know, I want to buy real estate. Property is cheap in Central PA compared to the rest of the US. I think you can get a higher percentage in rental income in relation to what you pay for the house. Plus I could buy a 16 unit apartment building here $400,000-$500,000. I am guessing that they are not as cheap in Arizona but I will keep that program in mind.
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Sun Jul 23, 2006 1:31 am    Post subject: Reply with quote

Hi JZ,

Only my opinion as an old real estate hack - and I am not a millionaire - so you can also ignore my advice without peril . . . Laughing

A lot of real esate in the east is lower priced - as it is worth less. But I do hear your about income to investment.

Consider also real estate taxes - MUCH lower in most western states than in the east. A friend/co-worker a few years back inherited some property in New York that - because of the incredible property taxes - was worth almost nothing as a rental property.

Also, consider not only income - but long term appreciation. High population growth in some states means increased appreciation over time.

Another issue is that much property in the west is newer. I have an older property that - because of its age - is less productive. The income to cost is very good, taxes are low, but it is constantly needing expensive upkeep/repair/rebuilding.

You are right - probably no one is going to loan you money on real estate while you are working overseas - unless you can get close to 50% down - then their risk is quite small.

But - I also understand investing in an area you know. I am from Arizona - so have luckily been in the path of some very rapid growth - but might not have been so lucky if I had not known the area.

Regardless - you have some good ideas. Over the long run real estate can give very good returns - without the heartburn of the stock market.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 5:10 am    Post subject: Reply with quote

Quote:
High population growth in some states means increased appreciation over time.


Yes, but since I am looking to keep the property for 30 years, I am not so sure whether one can really guess which areas will be most valuable in 30 years. If I was going to sell the property in 5 years or so this may not be helpful but I am doubting that many people can predict the high growth areas in 30 years.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 5:15 am    Post subject: Reply with quote

Quote:
You are right - probably no one is going to loan you money on real estate while you are working overseas - unless you can get close to 50% down - then their risk is quite small.


well that is not my only problem. it is just hard to shop around for real estate when you are not in the country to work out loans and deals.

Another concern is the cost of property in Arizona or somewhere more expensive. Would I be able to get a loan for a more expensive property? I am guessing that I will need 25% down to buy an apartment. So, I will need around $100,000 US to buy one in PA between $400,000 to 500,000.

Maybe you can tell me whether 25 percent down is correct for buying a rental property.
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Sun Jul 23, 2006 9:38 am    Post subject: Reply with quote

JZer wrote:

well that is not my only problem. it is just hard to shop around for real estate when you are not in the country to work out loans and deals.

Maybe you can tell me whether 25 percent down is correct for buying a rental property.


It is fairly easy to shop on the net. I bought everything I own by shopping on the net (or e-mail or fax in the "old days") - mostly as I have lived overseas since 1989. Make an offer - pending your inspection. That is a common method. Any realtor would know how to write the clause for you. I would shop. Tie it up with an offer - and in every case ended up buying. But - the old "pending inspection" allows you an out in case something doesn't feel right.

The 25% I think might be hard to do, but maybe not. Might depend on your financial profile. It is not difficult to ask. Every realtor in the country is on the net these days. Ask several. Many mortgage companies are on line too - ask them. They all work on commission - so it is worth their while to cultivate you.

Buying is more difficult - but I sold a condo last October and never left Korea. You can leave a limited power of attorney with someone there.

I am approaching retirement age - but previously had always bought the old pre 1989 assumable (without qualifying) FHA mortgages. But they don't do that anymore.

Might be a wealthy man today except for, uh, a couple "prematurely terminated" marriages . . .

Why hold for 30 years? Sell at real estate peaks (every 7-10 years or so) and re-leverage. Your ROI when not leveraged will be poor. You certainly could make a good guess on population trends over a 7-10 year period?

I do agree it should be paid in full when you approach retirement age though (whatever age you decide that should be - I am assuming you are below 50 years of age?). I am all paid in full now - but I am hitting 55 in a couple months and may semi-retire in the next couple years.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 1:37 pm    Post subject: Reply with quote

Quote:
The 25% I think might be hard to do, but maybe not. Might depend on your financial profile. It is not difficult to ask. Every realtor in the country is on the net these days. Ask several. Many mortgage companies are on line too - ask them. They all work on commission - so it is worth their while to cultivate you.


Man more than 25%. I am going to have to save for ever to buy an apartment building. That means I will have to save more than $100,000.

As for my age, I previously posted that I am 26. Well we will see. As long as I am enjoying myself I am planning to stay here for four more years.

I check the real estate prices in PA newspapers. As of now, I don't have the money to buy much which is one reason I will continue to stay here and save. i enjoy my life here so I cannot complain. One day I will buy something but if I am going to buy a building, I will probably need a job in the US to borrow $300,000-$400,000.

Of course the more profitable thing to do is go to sheriff sales in the country side where there are few investors. As I have noted on here, I watched a man buy 10 properties in one day for $50,000. The real estate in central PA is lower than the rest of the country but even a crap house is worth $40,000 and the guy bought one $20,000 lot for $3000.
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Sun Jul 23, 2006 2:01 pm    Post subject: Reply with quote

[quote="JZer"]
Quote:
One day I will buy something but if I am going to buy a building, I will probably need a job in the US to borrow $300,000-$400,000.


You might try starting sooner with something less expensive - and make your mistakes now on a smaller scale. You WILL make mistakes. You can always turn it over when you are ready to go for something bigger.
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guest of Japan



Joined: 28 Feb 2003
Posts: 1601
Location: Japan

PostPosted: Sun Jul 23, 2006 5:41 pm    Post subject: Reply with quote

I'll comment on the teaching in public school issue. I was previously certified in NY for secondary social studies and am newly certified (actually so new that the paperwork isn't finished) in MA. I spent the past five years in Japan teaching EFL.

The job market for social studies teachers is terrible. In the northeast most schools will not consider someone for a social studies position unless they have a masters. Out of 50+ resume packets sent out I have secured only one interview and that is at the district I am subbing in. Boston has an extra tight job market for education, but do not believe the press about teacher shortages.

The only teacher shortages are in math, science, and special ed. Those special certification programs are usually for these areas only. Often to qualify you must have a degree in math or science.

Between 300 and 1000 people apply for every advertised public school position. Private schools and charter schools require less in terms of qualification and pay accordingly, but there are so many teachers looking for jobs that even they are hiring people with masters degrees.

The path most people follow to get a public school job is first substitute, the get a teachers aid positon, then finally if you've proven yourself you may get a full time position in the school you've been working at. If you are a math or science person it is a different story, but if you want to teach in the humanities even fully qualified teachers are a dime a dozen and it could be years before you get a full time job.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Sun Jul 23, 2006 9:33 pm    Post subject: Reply with quote

Quote:
The job market for social studies teachers is terrible. In the northeast most schools will not consider someone for a social studies position unless they have a masters.


While I believe what you say since I know that some jobs in PA get 100 applicants for every job posting there are definitly places where one can get a teaching job without certification. I don't know as much about the humanities but definitly in ESL. I had classmates who got ESL jobs without certification.
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guest of Japan



Joined: 28 Feb 2003
Posts: 1601
Location: Japan

PostPosted: Mon Jul 24, 2006 4:30 am    Post subject: Reply with quote

With the exception of some of the southern border states the ESL boom is now over. When I first started teacing about 10 years ago there was a boom for special ed. and ESL. An amazing number of teachers and prospective teachers went back to school to get add on certs in ESL because it looked like a sure thing and it seemed preferrable to special ed. The result now is that most schools are fully staffed with young fully qualified ESL teachers and as the average age of these teachers is far younger than other subject areas there will not be any new hiring booms. Those district that are in desparate need of ESL teachers are very poor districts usually. One reason they are in desparate need is that they can't keep teachers.

Here in Boston there are a lot of ESL jobs open. There are ads for public schools, but certainly nothing unusuallly high. Boston also has a lot of people with MAs in TESOL, so that even language schools which pay crap and only offer a few hours a week with no benefits demand that applicants have MA's. I'm sure people can pick up work and live, but there aren't many opportunities to live a stable life doing ESL in Boston.

There are some, but one needs patience and luck.
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JZer



Joined: 16 Jan 2005
Posts: 3898
Location: Pittsburgh

PostPosted: Mon Jul 24, 2006 5:35 am    Post subject: Reply with quote

Quote:
With the exception of some of the southern border states the ESL boom is now over.


The boom could be over but there are jobs out there. Maybe not in Boston but as posters have stated, there are jobs out there. I know people in Delaware who got jobs with only a BA. Furthermore most inner city schools need teachers for obvious reasons. While I am sure that there are areas that have an abundance of teachers like Boston and most of Pennsylvania, there are plenty of places out there that will hire people without a teaching certification. Many of these places are less than desirable but if one wants to get started in somthing, you often have to work your way from the bottom up.
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Deconstructor



Joined: 30 Dec 2003
Posts: 775
Location: Montreal

PostPosted: Sat Aug 12, 2006 4:31 pm    Post subject: Reply with quote

Returned to Canada a couple of years back; began teaching in the public system; realized that my life is being cut short by about a decade; quit; returned to private language school teaching where the money sucks and I need an extra job to call myself a middle class. Still manage about 30 grand a year after taxes and that's enough.


With a MA in English and BA in TESL I could work in advertising and marketing companies, but why on earth would I want to wear a tie?!
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