3min chapter

Patrick Boyle On Finance cover image

Million Dollar Homes - Where Should "How Money Works" Live?

Patrick Boyle On Finance

CHAPTER

The Cost of Living in a High Tax State

High taxes in certain states reduce families net incomes much more than high maintenance costs increase the expense of owning a large home. California becomes even more unaffordable once we take these factors into account. The Dutch find themselves paying almost 16 times their take home pay to buy an average home. Ireland, where I grew up, is above the average at 7.3 times average income for the average home.

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