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Originally Posted by billy ross
A car is a lousy 'investment'. Private school education of your children is not an investment at all; it is consumption. We all consume in some way or another. Some play golf, others collect DVD's, others spend ridiculous sums on their children's education. Still others go down the shore or buy boats. I am not saying that private school education is right or even smart - it is merely a choice, like a woman who buys 50 pairs of shoes. Wealthy people spend ridiculous amounts of money on the education of their children and grandchildren, so that they can become anonymous doctors and lawyers. I don't fully understand the motivations myself.
However, if you really do believe in giving your kids the best educations possible, your logic can be extrapolated further: if awful, selfish parents stay in the city and subject their kids to the depradations of thugs and the city's public schools, then the merely terrible parents live in the suburbs and send their kids to public schools out there, while the benighted parents spend any amount necessary, even if they need to beg, borrow, or steal it, to get their kids the best educations possible - this is what my parents did. I already said that my high school, which is in the city, has a 70% suburban student body. My daughter's school seems to be about a 50 / 50 split, and it too is in the city. Out of 45 kids between two classes, at least two are from P-W's school district, a least one from LM's school district, and at least one from Abington's. People generally pay a premium to live in these places to avoid the necessity of private school. What gives? Are they all confused? Maybe they are, and maybe they aren't, but I am not taking any chances.
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No, to most people a car is transportation and freedom, not an investment. And to those who believe in private education it may be seen as an investment as well, or at least a means of avoiding bad outcomes by avoiding the poor local schools.
But in most cases it is a form of elitism; they are too good for the locals and their lowly free schooling which lets anybody in and doesn't teach manners, the classics and well, elitism. And that is why people who live in excellent school districts still send their kids to private schools - because it gives them a notch up socially, sometimes a better education, and definitely insulates them from the riff raff and thinking that is not consistent with their own. Wealthy people send their kids to private schools because its the thing wealthy people do - a combination of "keep up with the Joneses" and position the child for the Ivy League school they are legacied to - that is the part I don't get, it seems their money and influence would get the kid into the "right" school anyway, so why all the pretense? But I digress.
Your reasons for private vs public school in general may be valid, but a $20+K a year school? You are deluded if you think that that is money well spent and that it wouldn't be spent in a million better ways by others. It hardly adds up to a hobby or shopping addiction, its more like buying a new car or two a year.
If you want to be the beknighted parent, you would take all that money, put it into a house in Tredyffrin township and a new car to enable you to get to work and get around safely, send your kids to public school and save the excess cash to pay for their college, when there really isn't a free option.