Recently answered in detail on State Star Codex. Basically, two-income families are competing against each other for housing in good areas, driving up prices, and seeing no benefit in disposable income.
And a good school is the sort of school that those families want to send their children to. I don’t know anything about how high school education is organised in the US — why is the market not supplying this need?
Recently answered in detail on State Star Codex. Basically, two-income families are competing against each other for housing in good areas, driving up prices, and seeing no benefit in disposable income.
SSC is sceptical about whether the effect claimed in the book he’s reviewing is big enough to account for the problem.
Ok, now taboo “good area”.
Area with good school.
“Good schools” is a euphemism.
And a good school is the sort of school that those families want to send their children to. I don’t know anything about how high school education is organised in the US — why is the market not supplying this need?
http://lesswrong.com/lw/jra/innovations_lowhanging_fruits_on_the_demand_or/amd5
The goodness of a school is not a property of the school’s organizational structure or teaching methodology so much as it is a property of the students who attend the school (“a ghetto/barrio/alternative name for low-class-hell-hole isn’t a physical location, its people”). Discrimination on the basis of anything but money is illegal, so good schools are either public schools in areas in which it is expensive to live, or private schools which cannot be attended without paying expensive tuition.