Anonymous wrote:We are a 2 million a year with 20 million in assets and we feel stressed all the time. Ridiculous really…private school tuition increases every year….LOL

Anonymous wrote:We are a 2 million a year with 20 million in assets and we feel stressed all the time. Ridiculous really…private school tuition increases every year….LOL

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Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

No apartment number is a huge flex.

I'm going to have to disagree with that.

If it’s in Manhattan then it’s a townhouse. Very expensive

There are definitely apartments that are bigger flexes than townhouses

Of course. There isn’t an inexpensive townhouse south of 96th street though.

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

No apartment number is a huge flex.

I'm going to have to disagree with that.

If it’s in Manhattan then it’s a townhouse. Very expensive

There are definitely apartments that are bigger flexes than townhouses

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

No apartment number is a huge flex.

I'm going to have to disagree with that.

If it’s in Manhattan then it’s a townhouse. Very expensive

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

No apartment number is a huge flex.

I'm going to have to disagree with that.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

No apartment number is a huge flex.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I can second this. At a TT and it's either this level of net worth or fairly high HHI $2mm to $5mm pre-tax.

And how do you know this? Do people advertise their assets/hhi?

You basically know where everyone lives, which is huge hint, but not always. And certain kids seem to have unlimited spending money for Ubers, door dash, etc. and others do not.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We had our kids in a crappy suburban public school, and now they're in slightly less crappy urban public schools, and our philosophy throughout has been Grant Allen's "I have never let my schooling interfere with my education" - there's a lot more to life than school.

One of them is a performing arts kid, which has also given her all sorts of useful related skills (if she ends up on a debate team in high school she'll be absolutely terrifying), and the other one is a coding whiz and a promising novelist; they can do algebra and churn out a 5-paragraph theme with the best of them, but that's not what their lives revolve around.

The concern I have as a fellow public school parent with a similar family philosophy is that, come high school, the choice becomes between brutally competitive pressure-cooker environments, like Stuy/LaGuardia, where the overwhelming amount of work and focus does indeed interfere with broader extra-curricular education, and the lackluster publics where a lot of kids are coasting, perhaps doing drugs, etc and your talented whiz kids would be swimming upstream. Top privates, at least in theory, give a promise of a better balance, but of course, there are many counterexamples and caveats to that as well.

I dont want to be the one to break it to you, but NYC privates have massive drinking/drug cultures, too. Kids will be kids.

Sure, I am aware. But is that the case with, e.g. Brearley or Trinity?

LOL. My daughter is in 7th at a TT private and she knows of Brearley girls already drinking.

Anonymous wrote:

Anonymous wrote:A lot of families are HENRYs. Levered to the hilt to afford the apartment and a house on the East End. Often enough the house of cards blows up in fifth or sixth grade, they sell both and move to a rental. They barely push Susie through middle school then move to the suburbs for public HS. They spend like they have 10mm and don’t actually have the money.

If paying for private school is a hardship then you should sit that out until middle school - half the cost that way, plus it should be clear by then whether your kid will be a strong enough student to distinguish themselves despite the relative lack of cheddar.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We had our kids in a crappy suburban public school, and now they're in slightly less crappy urban public schools, and our philosophy throughout has been Grant Allen's "I have never let my schooling interfere with my education" - there's a lot more to life than school.

One of them is a performing arts kid, which has also given her all sorts of useful related skills (if she ends up on a debate team in high school she'll be absolutely terrifying), and the other one is a coding whiz and a promising novelist; they can do algebra and churn out a 5-paragraph theme with the best of them, but that's not what their lives revolve around.

The concern I have as a fellow public school parent with a similar family philosophy is that, come high school, the choice becomes between brutally competitive pressure-cooker environments, like Stuy/LaGuardia, where the overwhelming amount of work and focus does indeed interfere with broader extra-curricular education, and the lackluster publics where a lot of kids are coasting, perhaps doing drugs, etc and your talented whiz kids would be swimming upstream. Top privates, at least in theory, give a promise of a better balance, but of course, there are many counterexamples and caveats to that as well.

I dont want to be the one to break it to you, but NYC privates have massive drinking/drug cultures, too. Kids will be kids.

Sure, I am aware. But is that the case with, e.g. Brearley or Trinity?

Anonymous wrote:A lot of families are HENRYs. Levered to the hilt to afford the apartment and a house on the East End. Often enough the house of cards blows up in fifth or sixth grade, they sell both and move to a rental. They barely push Susie through middle school then move to the suburbs for public HS. They spend like they have 10mm and don’t actually have the money.