Key to fair education is resource allocation

The insanely high housing high prices in so-called school districts reflect the unfair allocation of educational resources in China's big cities. Parents' desire to get the best education for their children forces them to buy a house near "good" schools so that they can get them admitted there.

Housing prices in such school districts will return to normal only when the authorities strike a balance in the allocation of education resources. But that will not happen overnight.

The Ministry of Education recently announced that it would promote a multi-school-admission policy, meaning people living in one area of a city can get their children admitted to a school in another area. The existing rule says children living in a certain area can get admission to schools only in their neighborhood, which is the reason behind the rising housing prices in residential areas with "good" schools.