Talked with a guy in the mortgage business- interest rates on a 30-year have basically doubled since the first of the year which is contributing to this.
Yes slave is right. All kind of taxes there. I remember especially business owners were just saddled with huge taxes. It was really hard to live there.
I left a long time ago. I loved it when I was there, but I was a lot younger. LOL
Talked with a guy in the mortgage business- interest rates on a 30-year have basically doubled since the first of the year which is contributing to this.
Combination, rising rates, plus falling revenues and runaway inflation, triple whammy...
There'll be fire sales before long, and soon a day when force will get you any MacMansion you can take.
A tax free holiday in hell, the original fire sale...
One other thing, taxes so high you are paying about 40% of your income unless you are related to the Mafia.
I'd argue more than 40, because compliance cost is a hidden taxation also.
But I agree, when pen finds paper and sums of servitude are totaled, it simply spells SLAVE
Yes slave is right. All kind of taxes there. I remember especially business owners were just saddled with huge taxes. It was really hard to live there.
Wow 😳😳