There wasn’t room to discuss it yesterday, but we suspect the public/private school issue is on a number of people’s minds. Over the weekend, The Times ran an article about the number of people who bought their apartments in recent years with the assumption that they would send their kids to private school. Now that the economic downturn has made that a more difficult proposition, they are left to confront the limitations of their own school district. In some cases, parents are even considering renting a cheap apartment within a good school district just to get access—after all, it would be cheaper than the $30,000+ tuition in Manhattan. (It’s more like $25,000 here in Brooklyn.) Question for the renters and those in the market to buy in Brooklyn: Has the school issue shifted your real estate plans since the downturn began?
The Sudden Charm of Public School [NY Times]
Photo by Steve and Sara