Originally Posted by
OOfff
how does this chart notmalize for progressive income taxes? Or how someone with a high property tax relative to income might change this?
it’s rather impossible to make a comparison from california to other states in terms of property tax because of the distortion caused by prop 13. you have $5m homes with property taxes lower than $300k starter homes.
Plenty of other states have the same law as prop 13 they just don’t have real estate equity growth like California.