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by anon291 5 days ago
Texas has high property taxes. This causes people to need to move. It also spurs construction causing prices of homes to stay flat. For the typical homeowner, the total combined appreciation of your home in CA combined with the savings from the no moving property tax once you've been there a while more than covers the California tax burden.

My colleagues and direct reports in Texas constantly have to move as their property appreciates. This alone results in excess cost that is essentially a tax on not being rich.
1 comments
bmitc 4 days ago
Lots of states have high property taxes. Texas does not have "insane" tax that's more than California. Everything is cheaper, like gas, food, real estate, etc., in Texas than it is in California, and so California has that additional tax.

> This alone results in excess cost that is essentially a tax on not being rich.

That's everywhere in the U.S. right now. Texas is not an outlier.

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