Loading ...There are other things to consider re high costs. Nothing is higher or lower unless you compare it to something else. If there was no foreign completion for businesses and labor here, profits and wages would be a LOT higher, and the medical insurance costs would be reasonable in comparison. In fact, the costs might look cheap if profits and wages were extremely higher then 1968.
We have tax absorbing police that get about $175k plus free medical for life. They retire with $300 k packages, retire pay is high too. They get what is needed these days to maintain their 1970 middle class life style in this area. They kept up with cost of living increases. Most tax payers did not.
Nassau and Suffolk counties are having big cash flow problems these days. Average property tax bills are $12,000 and higher for a crappy cape code on a small lot 1/4 acre. Living in a waterfront house with a smelly canal in the back yard, $25,000 and up, I’ve even seen $35,000 tax on houses.
Recent news here Suffolk Co losing population. Departures out pacing arrivals. For every 100 houses for sale, 200 plus are delinquent, many can pay but just don’t. Look for yourself on Zillow, zip 11701. Free living.
Then we have all the homes damaged by Sandy, grants issued to raise the houses. Right after the storm another option was the sucker gov’t would buy the houses outright at pre storm values. Then auction them off to speculators at 20% of what the gov’t paid, and THEY raise the house. Typical they paid $100-$150k fix and raise, and sell for $500k and up.
Everybody else gets nothing.