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I don’t think that taxes play as much of a role as the author thinks they do. Sure, the recent tax bill limits deductions, but as long as the taxpayer values th
by jdhn 9y ago
I don’t think that taxes play as much of a role as the author thinks they do. Sure, the recent tax bill limits deductions, but as long as the taxpayer values the amenities provided by living in a HCOL area more than the cost of said taxes, they won’t leave.
The bigger issue is, as always, the cost of housing. Decades of artificially limiting new construction is now causing residents to leave due to the (predictable) outcome of demand outstripping supply. What worries me is that those who are leaving these areas will bring their NIMBY ways with them.