I lived in Texas for many years and have recently moved to California. It is important to note that the high property taxes in Texas cause us to be taxed out of our home, which is typical for middle-class or even upper-middle-class families. This happens well before you get to any useful equity. Additionally, the development was very poor in many areas regarding being human-friendly. It was all car-centric, which perpetuates inequality. Now in California, I am in the top 7 percentile of income earners, yet I can only rent due to the excessive home prices, which is not good either. Our rent is also very high, and even with my healthy income, which most of the world would probably envy, we are stressed. My heart goes out to those in the middle class who are subjected to crowded living conditions with the constant worry of homelessness.
Great episode! Discretionary review is such a corruption magnet.
I lived in Texas for many years and have recently moved to California. It is important to note that the high property taxes in Texas cause us to be taxed out of our home, which is typical for middle-class or even upper-middle-class families. This happens well before you get to any useful equity. Additionally, the development was very poor in many areas regarding being human-friendly. It was all car-centric, which perpetuates inequality. Now in California, I am in the top 7 percentile of income earners, yet I can only rent due to the excessive home prices, which is not good either. Our rent is also very high, and even with my healthy income, which most of the world would probably envy, we are stressed. My heart goes out to those in the middle class who are subjected to crowded living conditions with the constant worry of homelessness.