A specific example like Bayonne

• home cost saving? conservatively 250k (350k vs 600k), or about 30k/Y over 8Y.
• tax + maintenance saving? Probably $7k/Y
• interest saving? Probably 8k/y
• — in total I can spend up to a 45k/Y budget over 8Y to match up with the cost of living in a 600k school district home. The 15k/Y is fair, but the 30k/Y is slightly inaccurate, because it is “refundable” outlay
• private high school cost? $20k/Y.
• ==== additional benefits and flexibilities
• collocate with tenants? big bonus, not available in a typical top school district
• flexibility to change school. In contrast, if the top school in a expensive school district isn’t suitable for us, we still pay the additional tax + interest
• perhaps a religious school
• perhaps a regular high school but get extra tuition, saving even more. See https://tanbinvest.dreamhosters.com/2017/07/18/extra-tuitionu-s/
• perhaps attend a private high school only for 1 or 2 years,
• Overall, the same “academic” standard can be achieved without some 10% compromise