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A comment on How The Average U.S. Consumer Spends Their Paycheck. Parent comment

Re:How The Average U.S. Consumer Spends Their Paycheck by tedunangst on Sunday July 12, 2009 @05:38PM (#700610)
If you own a home you mean. If you have a mortgage, the interest is tax deductible, so you pay a lot less in taxes for at least the first half of the term.
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Re:How The Average U.S. Consumer Spends Their Paycheck by aristus on Sunday July 12, 2009 @09:01PM (#700824)
It may be different in other parts of the country. In Florida, the property taxes alone were more than the cost of renting a similar place. So for a $300K condo you paid almost $13,000 in taxes to the city to pay for water roads, schools, etc.
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Re:How The Average U.S. Consumer Spends Their Paycheck by lutorm on Sunday July 12, 2009 @09:23PM (#700859)
How were the people renting out the properties able to do that for less than their property tax?
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Re:How The Average U.S. Consumer Spends Their Paycheck by whatusername on Monday July 13, 2009 @01:19AM (#701139)
The magic of expected future capital gains.
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