- Joined
- Sep 12, 2014
- Messages
- 14,450
- Reaction score
- 5,520
- Points
- 113
He doesn't have to move to Ohio, he can just move a half mile outside the city limits. You wouldn't do that to save 2.5% of your income? Higher taxed areas lose population (and businesses) to lower taxed areas all the time. It's just basic economics.
Funny you should mention that as I live not even a half mile from Butler County where property taxes are about half that of Allegheny County. Why didn't I buy a house a half mile away? Because comparable houses were about 15% more expensive. The mortgage payments worked out to be about the same.
Anyway, 2.5 percent is a COLA for one year. If you had a choice of packing up and moving or going one year without a COLA, would you move? I wouldn't. Moving sucks. So does buying and selling houses.