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I would say that basic economics should have predicted this. I mean, if there's an area where your children can escape poverty with a higher chance, isn't that
by wheaties 11y ago
I would say that basic economics should have predicted this. I mean, if there's an area where your children can escape poverty with a higher chance, isn't that area more desireable to live? And if so, wouldn't you pay a premium to allow your children the opportunity?
I would. My parents did. I'm a child of the lowest 25% who now am a developer living in the highest 25%.
- pc86 11y agoI think by definition if you live in poverty you probably don't have the luxury of "paying a premium" to live in a different school district.
- TulliusCicero 11y agoA certain amount of price increase for a desirable area is expected, of course. It's just gotten out of control in certain areas due to highly restrictive regulations around building more. Like, the bay area should be more expensive than normal because of the booming economy. But should housing in otherwise-normal suburbs like Sunnyvale or Santa Clara cost 3-4x as much as normal? No; that's the result of onerous regulations.