#Liberalism and high taxes
https://www.illinoispolicy.org/story/home-is-where-the-hurt-is-how-property-taxes-are-crushing-illinois-middle-class/
Joel Schurtz lived all across the U.S. before coming to Illinois. He took promising job opportunities where he could find them, from California to Alabama. His wife, Michelle, and their three young children would follow.
“Our family always had a plan,” Joel said. “We had three- to five-year goals and a plan. But when we came to Illinois that plan went out the window.”
"Suburban father Peter Brunk has felt the squeeze in Lake Villa, Illinois, which is located in Lake County. Brunk, too, has made plans for an Illinois exit in the near future.
Since his family moved into their home in 2010, the annual property-tax bill has risen by more than $2,300, or nearly 30 percent. Meanwhile, the value of his home actually decreased."
OK guys so which place is cheaper: Pick one.
1. Lake County Illinois, where home prices went down since 2010, and property taxes went up $2,300
2. Typical home in OC California, where prices doubled since 2010, and property taxes only go up 2% per year.
It's not the sticker price of the home that determines the real cost of the home. It's the sticker price, property taxes, and appreciation that determines the true value of a home.
Those who purchased in Illinois in 2010, paid a high price for their homes.
Those who purchased in OC lived for free in their homes, and in addition got paid. What a deal.