(Guest post by Greg Forster)
What do you guys think of this op-ed in yesterday’s Washington Post linking the mortgage crisis to parents’ desire to buy homes that will get their children into better schools? I don’t know enough about the mortgage crisis to really know, but Mike Antonnuci suggests the link is overblown (see item #2 here) and I’m inclined to think that’s likely.
Still, have you noticed that in just the past few years, schools are figuring much more prominently in residential real estate marketing? MLS listings now prominetnly display not only which school district a home is located in, but the indivdiual schools it’s assigned to. Real estate advertisements and flyers are prominently listing this information as well.
Of course, I’m just speaking from my own individual observations, which as you know is a highly scientific representative sample.
Larry, you’re the financial guy around here. Any thoughts?