> What if you bought houses in bad school area, created a great private/charter school in that area and sold your houses at much higher price?
It's not easy to create a good school. Certainly, simply throwing money at the problem doesn't work, as shown by an example of US public schools. The most certain way to achieve it is to heavily preselect the attending children, but that presupposes the existence of such quality base in the area around the school. The problem is that if it does, then their parents are usually already rich themselves, and so the house prices are already high.
It's not easy to create a good school. Certainly, simply throwing money at the problem doesn't work, as shown by an example of US public schools. The most certain way to achieve it is to heavily preselect the attending children, but that presupposes the existence of such quality base in the area around the school. The problem is that if it does, then their parents are usually already rich themselves, and so the house prices are already high.