Comment by smilebot
4 days ago
> It's difficult to feel optimistic about a society that thinks this way.
Maybe that's not how society thinks? That's one person's opinion.
4 days ago
> It's difficult to feel optimistic about a society that thinks this way.
Maybe that's not how society thinks? That's one person's opinion.
The well known adage of “buy the cheapest house you can afford in the most expensive neighborhood” is a sign that is what many think. The rat race to make sure your kids are in league with other parents of similar or higher stature is a huge contributor to home price dynamics.
Lol what? I've never heard that adage and it seems like really bad advice. Your neighbors aren't going to cut you a check at any point so what even is this.
It's about exposure to the way richer people think and access to the same community resources. Property taxes pay for schools. The best schools are in the richest communities.
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If you buy a cheap house in a good neighbourhood, you spend as little as possible on the building, and are mostly buying land. You are presumably buying a house because you think the land will increase in value.
It's related to "it's all about who you know"
it’s to make sure your kids go to the best school possible, and are surrounded by as many future successful people as possible. considering schools are funded based on tax revenue, it’s not the worst idea
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