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The economics work better for renters that are moving, rather than owners. For an owner, their property taxes are lower than it would be with a new house out o
by mathattack 7y ago
The economics work better for renters that are moving, rather than owners.
For an owner, their property taxes are lower than it would be with a new house out of state. If they want they can borrow against the home value to access the equity. Their income is lower, so less attraction moving to a lower tax state.