Friday 7 October 2016

School privatization "boosts" real estate market

May not be good for (all) the kids, but home values apparently soar:

Once we realize that assigning children to schools results in concentrating poverty, we can begin to imagine the social benefits of systems that avoid assignments.

Research recently published in the Journal of Housing Research shows homes are worth more in the places that use this scholarship system instead of the more rigid assignment system. Homes are worth significantly more in tuitioning districts than in districts with weak assigned schools. The more school options that were available, the larger the price premium. Studies on similar systems in Paris, France, and San Antonio, Texas, find similar results.

I have developed a (maybe bad) habit of scrolling to the bottom of an Op-Ed to get an idea of who a writer is, and where that writer is coming from, before I digest the information being put forward. Usually it's pretty straightforward, but sometimes there's a weird confluence. In this case, it's an associate professor of finance and real estate talking about education. Like I said, weird. But this guy's approach to the subject is even weirder, talking about areas that don't even resemble North Carolina's school districts:


http://ift.tt/2dKyZj5

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