[quote=AN][quote=earlyretirement]Private school would possibly be an option if I only had 1 child. But with 2 and most likely 3 after next year who in the world wants to spend up to $75,000 to $90,000 a year on private GRADE schools?[/quote]
Is $90k/year really that bad if you’re making $400-500k/year? Also, what about people who spend less on housing to pay for private school. Lets say you’re a couple who can afford a $1.2M house, but you decide to buy a $500k house instead. The difference over 30 years is ~$1.1M. To put 3 kids through private school at $90k/year comes out to be ~$1.1M. So, if you treasure your kid’s education more than you treasure your zip code, then that might be what you’d do. I live in a very middle class area and my neighbor sent all 3 of their kids to private schools. That’s just one example.[/quote]
Sure, I guess if you’re making $500k a year it would be easier to swallow. But even if you were, that’s still a big chunk of change.
Absolutely in no way, shape or form am I saying private schools aren’t worth it. I’m a by-product of private schools. I went to a LJCDS esque type school from K-8. Very solid education but I much preferred the public school system and very glad my parents let me go to public schools for high school.
Private schools are great but it can be quite a sheltered bubble atmosphere. At least I found that experience growing up and going to private school.
Again, I’m not knocking parents that send their kids to private schools. I’m just saying that I find living in a great public school district well worth it and don’t feel I need to send my kids to private schools.
[quote=cvmom]
Agreed. This is pretty much exactly our situation–much smaller house than we could otherwise afford, but lots of $ spent on private grade school, CTY summer camps, etc. We think it is worth it.[/quote]
CVmom,
That was also the situation with my parents growing up. Smaller, less expensive house but lots of overtime, long hours and sacrifices to send 4 kids to private school.
I am very curious however, CVmom. Do you live in Carmel Valley? If so, the schools are excellent there. I am just curious on parents that live in excellent school districts that still send their kids to private schools.
If I can ask..what is your main motivation? Is it the possible Christian angle if you’re sending your kids to Christian private schools? I was always curious about this with some families that live in great school districts.
For example, one of our neighbors sends his child to a private Christian school and when I asked him the reason he said the only reason was because his child started going to preschool there and made many friends and he didn’t want to disrupt all the friendships.
[quote=svelte]
I just pulled out my tax bill from last year and this year.
My MR went up 1.2%.[/quote]
Great that they didn’t raise it the full 2% last year but do you really think that will stay the trend of not going up the full 2%? I doubt there was ever a year they didn’t go up at least 1%..no?
