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Re:Why Software Outsourcing Doesn't Work Anymore by csomar on Wednesday October 28, 2015 @08:53AM (#10464099)
I live in such a country. My parents have a $250k home, that would cost only $500-$600 to rent.

But here is the catch, they only pay $200-$300 in municipal taxes. I guess in the U.S it'll be a few thousands dollars. This cost will eventually drill down to the person renting the property.

Also that's the price tax-free because nobody is paying taxes on rental (which is 30%).

So if you add these two up, you get your price!

Re:Why Software Outsourcing Doesn't Work Anymore by strictnein on Wednesday October 28, 2015 @09:57AM (#10464431)
The general property tax rate in my area of the US is about 1.25-1.5% the value of the home. My home is ~$500k and my property tax is about $7250 a year. Previous home was ~$300k and my property tax was about $4200 a year.

Schools are funded primarily through this mechanism.

Re:Why Software Outsourcing Doesn't Work Anymore by odonnellryan on Wednesday October 28, 2015 @11:56AM (#10465132)
Property taxes are a lot in many places in the US. Not all states are bad. Some states you only have a few hundred dollars a year. In NJ (my home state), especially near NY, it is normal to pay ~2-3% of the home's value a year in taxes.