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> No. 4 New Hampshire’s low cost of living got it a No. 1 for wealth. Yikes. Sure, we don't have income tax or sales tax but be prepared to pay out the ass on
by PyWoody 5y ago
> No. 4 New Hampshire’s low cost of living got it a No. 1 for wealth.
Yikes. Sure, we don't have income tax or sales tax but be prepared to pay out the ass on property taxes. Oh, and be ready to pay for heat ten months out of the year.
NH has been a brain-drain state ever since people discovered the land is full of rocks and there are better opportunities elsewhere. The wages are low, the cost of living is high relative to wages, and land/real estate has always been expensive. It's a old state with most of it already being divvied up. For instance, my 3 bed, 1 bath home out in bumfuck has more than doubled in price since I bought just five years ago.
- skrtskrt 5y agoPeople love to not include property tax when pushing these narratives. Texas has a higher total tax burden for poor and middle class than California, and a lot of that is hidden in the property tax
- bilbo0s 5y agoThe Texas property tax thing is no joke. If you're not from a high property tax state, coming into Texas can be a bit of a jolt. I do think there are states out there with higher property taxes? Those are the people who might find Texas property "cheap". Texas definitely has a lot of "gotchas" that you need to be ready for.
- PyWoody 5y agoNew Hampshire taxes views. As in, if you can you see a sliver of a mountain or lake through a bathroom window, that'll increase your taxes.
- Ferrotin 5y agoYou pay far less in rent or mortgage plus tax though.
- skrtskrt 5y agoTrue, but when the article is about tax burden, they should be honest about the tax burden. Someone concerned about tax burden can probably figure out that rent is higher in LA than in Houston.