This data is sourced from Today’s Homeowner, based off median hourly wages and home prices in each state, assuming a: 30-year mortgage, 5.8% mortgage rate, 6% down payment. Source
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34 sats \ 3 replies \ @Undisciplined 4 Feb
This is a great picture for my "Vote with your feet!" message.
Look how affordable the entire middle of the country is.
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36 sats \ 2 replies \ @Coinsreporter OP 4 Feb
It's surprising that most of these middle states are also pioneering the SBR.
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20 sats \ 1 reply \ @Undisciplined 4 Feb
It's not really surprising, when you understand the geography of the US.
The coasts are generally nicer, in terms of climate, and more connected to the rest of the world. Both of those positive features create rent seeking opportunities for parasitic politicians.
- Nice weather means people will put up with higher taxes and more corruption before they move away.
- Ports of entry can't just be moved to the interior, so the economic activity around them can't easily move away from high taxes either.
Rent seekers don't tend to innovate, because innovating is hard and they don't have to.
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25 sats \ 0 replies \ @Coinsreporter OP 23h
I agree 💯. It's the same here as well. The only difference is we're overcrowded everywhere.
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0 sats \ 0 replies \ @Msd0457890 4 Feb
Excellent article my friend, but nowhere do they take inflation into account when averaging the price of a property. Let's suppose that you started paying for a house in 10 years, in 10 years your money would be worth less and you would have to work more hours than you had already averaged. Right?
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