In going from $200K*0.25 = $50K, you forgot about personal income tax. And houses here cost more than $1.5M. (Side note: I was surprised to learn that private

In going from $200K*0.25 = $50K, you forgot about personal income tax. And houses here cost more than $1.5M. (Side note: I was surprised to learn that private schools around here are $30K+/year!)