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To: dragnet2
The taxes are right. The first $58k of income before deductions is taxed at 4% or lower in CA (which is actually less than NC/SC where I live).

Assuming 10% down, you're probably looking at $30-$35k all in housing cost including utilities/taxes/insurance at $500k properties per year, which would be very difficult to swing for most families, but would be possible.

119 posted on 09/20/2017 1:05:44 PM PDT by rb22982
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To: rb22982

Right...And I guess it’s possible to juggle flaming chain saws while roller skating too.


121 posted on 09/20/2017 1:08:12 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: rb22982

Assuming 10% down? Why would you assume that?

What’s 10% and a half a million dollar home? $50,000?

Where in tarnation are a couple making 60k a year between them, going to get $50,000 cash? For the most part, I can assure you, that’s not happening for the huge majority!


126 posted on 09/20/2017 2:17:22 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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