MagicHef |
02-11-2013 10:36 AM |
I moved from CO to TX, and I keep hearing how much cheaper it is... but I'm not really convinced.
For example, take buying a house. The house prices are way lower down here, but the property taxes are way higher. So, for a similar house in both places, the total price would be lower here, but the monthly mortgage + taxes payment is the same. However, once the house is paid off, I'm left with an asset that is worth significantly less, while having paid the same amount. Also, I'm still stuck paying the higher taxes.
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