Balance education resources
The increase in housing prices in school districts, or areas where "elite" schools are located, amid overall downturn in the property market is the result of unbalanced distribution of educational resources, says an article on www.cnhubei.com. Excerpts:
Recent National Bureau of Statistics data indicate that, while housing prices across the country are falling, property prices in the school districts of some regions are still rising. A 4.4 square meter space in a Beijing school district was sold for a whopping 1.35 million yuan ($220,300). The space, in fact, a small room, is nothing but a "passport" for the buyer's child to get admitted to a so-called elite school in the area.
Many parents believe that getting their children enrolled in a good school is a ticket to a bright future not only in education, but also other spheres of life.