Reply to By the numbers: A dispassioned evaluation of Hardy (compared to Deal and Wilson)

Forum Index » DC Public and Public Charter Schools

Reply to "By the numbers: A dispassioned evaluation of Hardy (compared to Deal and Wilson)"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]OP here.

Quick reply as I'm heading out the door.

To the previous poster: in a word, no. You're misunderstanding the stag hunt. Coordination is needed for Hardy, not for the privates.

But anyway, we're not talking about the 1% here. The highest income neighborhood (with sufficient people) is probably Spring Valley (or WH or Foxhall). The median household income here is about 300k. When talking about the "top 1%," realize the numbers you're actually saying. The top 3% starts at 310k and the top 2% starts at 330k (if I recall correctly).

There's plenty of income and wealth feeding into Hardy. This makes private school attainable for many families, but it remains the case that private school tuition (let alone for multiple kids) is not affordable for even more families.

The previous poster (with the long post) makes several misstatements and, frankly, I doubt whether he/she has actually read this thread. I will not offer a detailed retort.

As someone else pointed out, the wealthiest families are in-bounds for Mann, not Key. Honestly, this isn't really even close and people from these areas would surely know it.

I don't think the recession was that large of a deal in these neighborhoods, so I'm hesitant to ascribe much meaning to it. Incomes remained fairly stable, housing prices didn't decline, and retirement accounts cratered. I imagine -- and this is purely conjecture -- that people sending their kids to private finance this from income, not savings. Anyone with a sufficiently long horizon before retirement (say, greater than 7 years) could be very confident their retirement accounts would recover.

I think a bigger issue is the international institutions. The IMF still pays 75% of private school tuitions (up to a generous cap). But they're the main outlier. World Bankers starting after 1998 (or 1996, I forget) no longer get this education benefit. The last of these people probably have kids near Hardy-age right now. That means that there is about to be a much larger pool of potential public school kids looking at middle school. (The IADB pays up to 12k a year, so I don't view this as enough for the top privates.)

Anyway, I'll try to check in periodically when killing time. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics