Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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Reply to "What is the lifestyle difference of 400-500k/yr and 800-1M/yr"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I love how so many threads about private school on DCUM have everyone saying that it's not worth it and good publics are better, then if you ask people what they do with extra money half of them immediately say private school.[/quote]

First, when some of these $600K HHI purchased their homes, they might have only been at $250/300K.  So they may have bought in a good area, but not spectacular schools.  Now that they have the $$ for better schools they like their neighborhood and it may not make financial sense to sell, ditch a 3% mortgage for a 7% mortgage.  So the solution is to do private schools.

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I don't know, more than half of my neighbors in the Whitman district send their kids to private schools. It's not that the publics here aren't the best in the state.[/quote]

I agree.  My kids are on major financial aid at a private.  Their full pay classmates aren’t living in my MC neighborhood.
 
They are overwhelmingly inbounds for W schools, BCC, JR,  McLean, etc . . .[/quote]

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