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You're absolutely correct in your analysis of the housing situation. I was only citing the prestige factor as one of the contributing causes. It's a mixture of

You're absolutely correct in your analysis of the housing situation. I was only citing the prestige factor as one of the contributing causes. It's a mixture of regulatory corruption and price inelasticity. Prestige is just one of many Manhattan's demand drivers that, due to the inelastic nature of the price curve, drives it up. Regarding school, I think it's both. The question is why these rich people don't want their kids going to school with such people. I think it still comes down to college (and possibly prep high school; nothing before HS matters from a connections perspective) admissions. If college admissions gave as much of an advantage to white, middle-class students of NYC public schools as they do to Andover and Dalton grads, these people would quickly change their strategy.

rayiner 14y ago
What "white, middle-class students of NYC public schools?" The school system in Manhattan is only 14% white, and almost three-quarters of students qualify for free or reduced price lunches. It goes a lot deeper than just college admissions.
andyjsong 14y ago
>If college admissions gave as much of an advantage to white, middle-class students of NYC public schools as they do to Andover and Dalton grads, these people would quickly change their strategy. That's the kicker, the average white, middle class student in NYC can't compete with the public school kids @ Stuyvesant and Bronx Science where minority enrollment is 70%+, they are getting their asses handed to them by Asian students. Hence the flight to private schools where tuition is the same as private universities to keep the immigrant kids at bay. I should know, I was one of those immigrant kids in prep school and would've been eaten alive if I attended public HS.