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Reply to "Bigger mortgage vs. private school."
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[quote=Anonymous]Midwest transplant to the DC area. FYI, the concept of needing to go to private schools in order to get into a Tier 1 university seems to be the mindset of this area and other large metropolitan areas but it is not universal. Go to the burbs. Buy a house that presumably will appreciate and save the tuition which guarantees nothing for your child. We have spent the last 8 years in private schools forgoing our excellent public school because we got caught up in this mindset. Lack of "elite" schools haven't hurt my friend's children from getting into the schools of their choice. My kids are established where they are so I am not pulling them out now, but I regret every putting us on this path. I feel it has been a total waste of money.[/quote]
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