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You would expect that to be the case in the Bay Area, but even now people will spend several hundred thousand dollars more for a home in a good school district,
by twblalock 8y ago
You would expect that to be the case in the Bay Area, but even now people will spend several hundred thousand dollars more for a home in a good school district, even though that money could have been used to pay for private school.
- ebikelaw 8y agoMy kids’ private school bills are about triple my mortgage so I think you’d better check your math.
- notahacker 8y agoYou can sell the house after the kids have been educated. You can't sell their education on second hand
- nradov 8y agoNeighborhoods with good school districts also tend to have lower crime rates so that probably accounts for much of the difference.
- yborg 8y agoThis is kind of backwards. Because of the way that education is funded in the US, expensive housing areas end up with good schools because they have the funding. And people live in these expensive areas because they have the means and desire to live in an area with others of their same social status, or and/or whose reputation confers status.