but I need to challenge you on the idea that parents moving to Palo Alto are exposing their children to fantastic opportunities
I have been told that Cupertino has some of the finest schools, hence the reason for the high housing prices, and other demographic factors. Ignorance talking here, but am I wrong to assume that some of that "good schools" would bleed over to Palo Alto? It would be one thing if Palo Alto were some slum leftover from failed 70s housing projects, and though wealthy it may be the schools haven't caught up. But AFAIK Palo Alto has been wealthy for decades.