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California property taxes about are about 1.5%, not 6.5%
by eweise 8y ago
California property taxes about are about 1.5%, not 6.5%
- panzagl 8y agoI think they mean the houses are 5x cheaper, but tax is 5x higher, therefore they wouldn't want to buy a 'mansion' in Texas
- techslave 8y agohe means that you end up paying the same in property tax, even tho the house itself is much (6.5x) cheaper. and the tax payment comes out of your cash flow, not your assets. but he’s not taking into account other reductions in expense, like no state income tax.