Partnership schools haven’t been around for very long but a number of them are already facing the challenge of demand exceeding supply due to their outstanding results and popularity. Yesterday I chatted on the phone to David Seymour about the challenge that these successful schools are facing.
One of the things we discussed reminded me of a choice I was given as a child. I wanted two things but was told I could only have one. I had to ask myself which of the two was the most valuable.
Imagine that a rich relative has given you two choices:
1.The ownership of a house valued at $500,000 for the rest of your life that is built on land belonging to your relative that you are never allowed to sell. If your family grows and needs more space the relative will either rebuild the house to suit you or build a second house on the section.
2. A weekly income from a Trust fund equivalent to the average rent charged on a $500,000 house in the same area that will be adjusted annually to reflect inflation.