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DC Public and Public Charter Schools
Reply to "Janney third grade parents--what do you think of the giant class sizes?"
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[quote=Anonymous][quote=Anonymous]There is zero evidence Janney homes cost more than neighboring school zones like Murch and Hearst. It is an expensive area in general.[/quote] +1 If you look at house prices on the boundaries between schools, comparing virtually identical houses on opposite sides of the street, you find essentially zero difference. I fully agree that schools should drive property values -- it is a key attribute in the bundle of things you are buying in a home -- but it appears that the differences between Janney, Murch, and Hearst are so small that they do not matter for property values, at least where they are most directly comparable (with similar house type and location). Or that portion of economic theory is not working so well in practice.[/quote]
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