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It's not more reasonable when you consider the property taxes. A $350,000 house looks great until you factor in $10,000 annual property taxes.



Even when taking property taxes into account it is. look up how much comparable homes to that 350k home in illinois are in NY/CA and how much their property taxes are in addition to that significantly higher home prices.


And you have significantly fewer opportunities to earn income.


3% FMV property tax is pretty rough, but do you get a tolerable school system as part of that bargain?




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