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A comment on New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters. Parent comment

Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by victor106 on Thursday November 29, 2018 @05:35PM (#18564783)
Texas does not have state income tax but has high property tax (rightly in my opinion)[1]. 1.973% in Austin,TX

California has high state income tax but low property taxes.[2]. 0.625% in SF

The worst is New York. NY has high state income tax and high property taxes[3]. 1.925% in nyc. That is insane. I just don’t get how people put up with this and where all that money is going to

[1] https://smartasset.com/taxes/texas-property-tax-calculator#I... [2] https://smartasset.com/taxes/california-property-tax-calcula... [3] https://smartasset.com/taxes/new-york-property-tax-calculato...

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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by jdhn on Friday November 30, 2018 @08:10AM (#18568780)
>I just don’t get how people put up with this

They don't. In the past couple of years staples of the Northeast such as Wawa and Yuengling can be found in places as far away as Florida. The reason for this is because of the number of people leaving the Northeast due to the fiscal pressures that you describe.

Also, NJ is just as bad as NY when it comes to taxes. My parents live in Central Jersey, and their property taxes are insane.

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Re:New York’s Wealthiest Cut Losses as Manhattan Real Estate... by refurb on Thursday November 29, 2018 @05:53PM (#18564937)
SF property tax rates are ~1% the last time I looked.
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