"I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell."

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California, because of their Equity Funding Formula, moves a step in that direction by sending more resources to communities and students that face greater levels of poverty. But California is doing that from a greater position of real weakness, because they were already so far behind other states in funding per student. It’s a step, but many more steps need to be taken.

— Pedro Noguera