By Dogtown Commoner | Posted at 10:20 pm, December 12th, 2007 | Topic: oakland, economics
That’s an enviable problem to have:
OAKLAND — In mid-October, Dan Rascher and his wife bought a $1.4 million home in Upper Rockridge so their child could gain entrance to Hillcrest, Oakland’s most prestigious public school.
Last week, they began to doubt their investment. A proposed boundary shift, prompted by a population boom and overcrowding at Hillcrest, would make Montclair Elementary — a well-regarded, yet less exclusive school nearby — the family’s new school.
“It was really like a kick in the stomach,” said Rascher, who said no one informed him about the ongoing enrollment squeeze when he made the offer on his home. Although Montclair is a fine school, he said, “We didn’t think we were going to buy a Montclair home at a Hillcrest price.”