In a society with extremely paranoid parents, being across the street from an elementary school puts you in the the target zone of ALL such parents.
Plus, you will be the victim of bad parenting.
And your yard will be the depository of discarded snack pacs. And don't you even think of saying a word to these by-products of bad parenting.
Then there's the 15 MPH traffic, the backed up car pool lane, the train of endless yellow school buses.
Then there are those 'special' programs where parents want to see their child on stage.
And if you have no alternative routes out of the community, you WILL be required to function within the time schedules dictated by the school
Other than that, no problem at all.