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Are people really that savvy? Somehow I expect most people are more thinking where they feel like living, and where they can get a good job, then buying a home
by im3w1l 6y ago
Are people really that savvy? Somehow I expect most people are more thinking where they feel like living, and where they can get a good job, then buying a home they can afford there.
- lotsofpulp 6y agoEven un-savvy people can see price history and property tax history. I would guess most people are stuck where they are simply because they don't want to lose access to their friends/family, but for higher income/able to move workers, it's not difficult to see which way land prices/property tax are trending.
- bilbo0s 6y agoWell, that, and the fact that anyone who buys a house pretty much anywhere will eventually be hit with higher taxes and fewer services. So for a lot of people, that's probably not being factored very highly because the same thing is happening everywhere. It's just the nature of the fire/teacher/police contracts that were given out all over the nation in preceding decades. So the deciding factor becomes something more like, "How much is the job I'm being offered going to pay me vs the cost of living?" They may also think about personal contacts, and the future opportunities a city is likely to provide them? I'd imagine it doesn't go too much further than that though.
- lotsofpulp 6y ago> So for a lot of people, that's probably not being factored very highly because the same thing is happening everywhere. Not on the same scale everywhere, and certainly not as bad as KY/NJ/CT/IL. If you’re in the 40% to 80% income in those states, and you have 10+ working years left, it would make a measurable distance to move somewhere else where you can save $5k+ per year in taxes, if not more. Even more if you can go remote with a high salary.