he 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

he 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.