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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sure, you can afford it. I wouldn't pay for it though. I would much rather take nicer and more vacations with family than spend on private school. or earmark for the kids college or help with downpayment, wedding etc.

We live in a MCOL city in Austin. Our public schools are great, provided you buy into a good area. We "only" have 700K HHI , send our kids to public. Plenty of Meta, Apple, Dell, IBM, HP, startup VP/SVP level execs send their kids to the same public school. There are also single income families and some apartment complexes zoned to our Public school, so I feel my kids are able to meet and connect with kids from a wide range of socio economic status.

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You are paying for your great public school through exorbitant housing costs and property taxes, it's not free. You can't afford to pay for a great private for multiple kids on that HHI, not without your quality of life diminishing substantially. That's the crux of it for most of the posters who are against it here, they can't really afford it.[/quote]

For me, I'd much rather live in a nicer area where I want to use the public schools, than have to downgrade so much and rely on private because the public schools are terrible.  
Sure you pay more for the home, but it will also maintain it's value much better than a home with bad schools.  People buy where we live for the schools and the family quality of life.  Just sold after 9 years living here---made 1.9x what we paid for the house, after all fees/taxes paid. Main reason the homes appreciate so much is the schools and quality of life.  Oh and we bought a home with a view, so in the "top neighborhood" within our community, but one of the "lower homes" (ours was 4200 sq ft vs 5-6K for many others).  The schools and the views is what sold our house---the same thing that made us want to purchase it in the first place
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