I don’t know how else to tell you - bad schools poison property values. Its not a new theory, and its commonly accepted as obvious.
You think its a myth. Fine, I’m not going to convince you otherwise. BTW - could I interest you in a real estate opportunity :).
But I’m going to stick to my ‘myth’. Its paid my bills for 16 years designing new subdivisions; and, even in a recession, people are still trying to escape our bad school district (cha-ching!). Its possible the people fleeing the city just didn’t like the street names I guess...except when we mailed them surveys they listed bad schools as the number one reason for moving out. Hard one to call, but I’m going with the bad schools myth.
But where do bad schools come from exactly?
What causes property values to decline?