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Re: No.1 killer of blacks in NYC

Posted by SMAZ on Sun Feb 27 02:28:28 2011, in response to Re: No.1 killer of blacks in NYC, posted by PHXTUSbusfan on Sun Feb 27 02:06:11 2011.

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High home prices are a sign of strong economic fundamentals.

They are also a sign of low property taxes.

The United States has higher home prices than Nicaragua because our economy is structured better and people make more money.

The prices for CA homes are a bargain when you sum up the mortgage + taxes. In retirement, one is sitting on a mint and paying low taxes.

In TX, the same person is hurtling towards ruin stuck with high taxes and a barely improved home value when adjusted for inflation and interest paid on the mortgage.

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