Quote:
Originally Posted by Hehe
It’s all perspective. My cousins in Dallas were living in Orange County. But after they did the math, where they would likely have paid nearly 5m+ until kids go to college, they figured they could spend that 5m elsewhere than give it to the government who spend it on things they don’t exactly agree with.
So they voted with their feet. And their house in Dallas, which is just less than half the price of their house in OC is twice as large. Sure they now need to turn on AC 24/7, but for 5m, that’s a lot of AC.
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So anecdotally the difference of moving from Cali to Texas was 50% off on RE, but I've also heard property taxes and just general cost of carrying the property is significantly higher in Texas. So for your cousin, what's the spread look like? At the end of the day, after say 20 years and the kids are finally out of the house, do they end up saving anything?