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Since the 1950s, property taxes and home prices have rapidly outpaced inflation, wages have stagnated, and work remains centralized in high cost areas. Many pe
by quuquuquu 9y ago
Since the 1950s, property taxes and home prices have rapidly outpaced inflation, wages have stagnated, and work remains centralized in high cost areas.
Many people can not afford 500-700k mortgages, 13k per year property tax, 5 types of income taxes (fed state nyc med ss), transportation costs, etc.
Maybe land is being used efficiently, but it sure isn't affordable in the NY NJ CT area.
Is the solution to that to say "sorry, we have higher bidders"...
... or "well we do have some unused land over there that we can rezone for free to allow you to put a temporary home on it"