Reply to Families who can afford private but go public, why?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s just not worth it.  We are wealthy enough to be able to afford it without any significant sacrifice, but not so rich that spending $1M+ on education would be meaningless to us financially.

In my view, any marginal benefit to private just isn’t worth the tremendous cost.  In my view, there are pros and cons to public and private and, although we strongly value education, I don’t believe that means we should entirely disregard the value proposition when deciding whether to do private.[/quote]

Is it “tremendous”? What kind of money are we talking here, since people will drop 1.3 to live in a “good” zone but could spend half that to live in an “average” one. Is private school tuition really half a mil?[/quote]

Those numbers are off.  More importantly, you ignore that you get a house to live in and have an asset you can then sell.  You don’t get that with private school.  $1M+ v free (zero marginal cost given taxes) is a tremendous expense.[/quote]

I’m saying, if the choice was a 600k house in a crappy public zone and private school, or a 1m house in a good public zone, how is the latter such a good deal? We’re talking about 4 years, maybe a few more with additional kids. I think you’re just reluctant to admit you paid at least as much for your public via real estate as you would’ve living in a cheaper, equivalent house and going private.

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How is pp’s post not clear? Houses can be resold.  [/quote]

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