Reply to When will Private Schools' bubble burst ?

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Reply to "When will Private Schools' bubble burst ?"

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[quote=Anonymous][quote=Anonymous]I do not believe real estate market analogy would work for private education.

First, returns to private/public education is not necessarily observable.

Second, if there is "mispricing", prices will adjust, nobody would go bankrupt since you cannot short sell or go long education.

Third, the unlike the real estate market system is not inherently unstable since one cannot earn profits from price falls.

Finally, are the schools unable to fill up positions? Judging from all the wait-list excitement in the forum, I think not. There is still excess demand for better quality education. That is why prices of houses at good school districts did not fall compared to the rest of the nation even at the peak of the crisis.[/quote]

I think you are deliberately taking my argument too literally because you want to avoid tackling my main point:

Private schools have as their back bone ( and bulk of parent pop) the upper middle class, and they are losing them.

And another thing, Mom and Dad both billing 60 hours plus a week just to pay 120K a year for elementary school tuition is bad for kids. The thing kids need most is their parent's time. These tuition hikes are causing families to not spend as much time together. [/quote]

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