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[quote=Anonymous][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]

We bought our home 9 years ago when older kid started kinder for $600K. Right now the house is valued per redfin around ~$900K, our total mortgage plus taxes is under 3K per year, total outstanding mortgage is $350K. BTW, our HHI went up just 2-3 years ago, and we are able to save 250k towards retirement every year. Out total NW is $4.5M, so I do think we can afford private school if we really want to for our two kids.[/quote]

Based on your house price you bought in an above average school district, not a top one. Clearly you did not have the income/cash flow to finance private school for multiple kids  at your HHI and I'd argue you probably don't have it at your current HHI.  People who can comfortably afford private don't have to think much about tradeoffs. Their lifestyle is also commensurate with paying for private , meaning they have the nice big house, expensive cars, vacations, activities etc.

Can you swing private? Sure, like many posters here (me included). Can you comfrortably afford it? No, not really.[/quote]

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