[VermiciousKnid]

I will be interested to see what happens in a few years here on Long Island where house prices have skyrocketed recently.

Our former next-door-neighbors sold their home last summer for an astounding price of >$400K (about $250K more than what they paid for it only 8 years ago). The young couple who bought it are both teachers (no kids yet), and are carrying a $300K mortgage.

When you add in the close to $10K/year in property (school) taxes, I simply do not know how they plan to do it, especially after kids come along...

Regards,

[the invisib1e hand]

here on Long Island where house prices have skyrocketed recently

i thought house prices on Longisland have been skyrocketing since the '80s...

[mtbopfuyn]

Texas also has ridiculously high school taxes. Much of it has to do with location, location, location. For the previous 30 years it was equal but in less than 10 years our side of the street has tripled what the other side of the street's taxes are. Really chaps my hide.