Parents’ real estate strategy: Schools come first
By Christine Haughney/New York Times
When Ann and Jonathan Binstock started shopping for an apartment in Manhattan in 2007, their first call was not to a real estate broker. Instead, they hired an education consultant, to show them where the best schools for their daughter, Ellen, were. After the consultant suggested the most desirable zones , they chose a two-bedroom apartment near Public School 87 on the Upper West Side. Public records show it cost $1.975 million. Ann Binstock, her husband, Jonathan, and their daughter Ellen heading toward lunch at a neighborhood diner in New York City. Ms. Binstock said the family’s apartment “was a stretch financially.” (more...)