Quote:
Originally Posted by Finn_Jarber
And yet the argument here is that we pay more in taxes than in housing, food and clothing put together
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Homeowners pay more in taxes than in housing, food, and clothing put together.
Homeowner median income is 2x renter median income, hence homeowners are in higher marginal tax brackets than renters.
The lower median income of renters means that housing is the elephant in their budgets.