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Old Spartan
9 days ago

A common sense move by an intelligent person. A friend of mine just sold a house for $700k in the south suburbs– at a half million dollar loss. Has a $26k property tax bill. He bought a new house in Tennessee for $500k with the same square footage with a property tax bill of $1,200– per year not per month. So if you figure on a 20 year life in the same size house, that new house probably pays for itself and is basically free to him. Is that the “weather”? Or is that the “science”.