But what impact did "good schools" have on property values? I've asked this question before, but never received a good response.
The teachers drive much better cars! There are two mandatory government indoctrination centers in my neighborhood I have to drive past so I can go to work to pay my property taxes. The parking lot is filled to the brim with giant SUV's, Corvettes, Audi, Lexus, Jaguar, Mercedes, customized PT Cruisers, you name it. Of course, the teachers are underpaid!
I am sure "good schools" do raise the value. But not nearly as much as we pay. Where I live we have "not so good" schools. I homeschool anyway, so it doesn't matter to me.
My property taxes where I live now are $450 a year, as opposed to the $6100 a year I was spending on Long Island - and that was 6 years ago. For calculations sake using a flat rate, in 20 years that was about a $110,000 difference. And the reason I left was because I couldn't afford the taxes. So in essence, the taxes cost me my beautiful house.