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Reply to "Private school is a terrible ROI for middle class people"
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[quote=Anonymous]Pardon my English, but here's MHO: It's very individual. I believe people do the best they can with the info they have. There are some feeling involved, need and/or pressure. There is no right or wrong. You talk about buying a home for your child or gifting the money in adulthood. How are those things better than paying for private? These are horrible choices. If you only knew what the alternatives are for that money. You think you figured out what families give up (1.5 million) by going private. I cannot even start to tell you what you don't see if you think the return is 7%, buying a home for the kid is a good idea, or handing the money. This $600k should be near 10 million by 30 and the kid would know how we got there. They are not handed the money, but the knowledge. Nobody would take out money from the market to buy a house, but borrow against assets in the market. You decided to do the bare minimum that money allows. I'd rather send my kid to private. [/quote]
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