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Notes -
You can build as many buildings and make as many good school districts as you have good kids to put in them. At least if that's your only constraint; other constraints like needing to be located near the parents' employment complicate things. It's not a pure status good, because most parents aren't looking for an "exclusive experience".
Not that doing anything about NIMBYism (the drumbeat for which seems to have increased lately; more millennials and zoomers who don't want to take out a mortgage wanting SFH homes to be torn down in favor of commie blocks to reduce rent, I guess) would help; it's largely NIMBYism which keeps the good districts good.
As someone put it in an recent AAQC, it's not the buildings or the 'magic' dirt that make some communities more desirable, it's the cohort. If your extra school buildings are filled with the kids of those who failed to compete for space in the original school buildings then you have created and interior product and everyone in the system can plainly see this. I live in Chicago, a city with stark economic shifts from one neighborhood to another, it is just simply the case that people do not move to the low cost neighborhoods unless they have no other option.
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