re: #676 experiencedtraveller

Whats cute about the article is the level of taxation. $1400? Ha! In many suburbs of NYC taxes typically range from $12,000-$17,000 a year.

Property is not selling not because of its price but because of its overwhelming tax liability.

You have to budget a QUARTER MILLION DOLLARS in tax liability if you plan a generational household (20 years).

/and another quarter million annually for malpractice insurance if you’re an OB/GYN