I guess it all depends on what you consider "better." A 1MM house in UP/HP etc will actually get you lower taxes per year than in LH. Thus, you would have to pay for the privilege of going to school at WR over Hyer Elementary. Granted, you could get a much better house in LH for the same money, as the difference would be the cost of the lot, but is one school that much "better" than the other? Also, I personally think Beebe's house isn't all that great and would require a certain kind of buyer that just wants the status symbol.
I moved over here before we contemplated having kids, so elementary schools were not on my must haves. To us it doesn't really matter as our kids will be going private. (Wife wants..er..demands Catholic education since she did it) and distance isn't a factor when your rationale for private is something like ours.
Point is, I don't know that anyone looking at Beebe's house is concerned about the elementary school because 1) they are sending their kids private 2) are buying it just to have a 1 million dollar home, or 3) their kids are HS age and they want to attend LH.
[This message has been edited by Polish1979 (edited 5/21/2013 10:24p).]
