- Mar 31, 2009
- 94,474
- 70,931
- 3,605
Same thing is happening in Illinois. Negative net population growth, primarily due to taxes. Businesses are leaving and people are leaving as well.
Since we bought our new home 6 years ago our mortgage payment has increased over 50% relative to when we moved in. The primary driver of that is taxes, and they just keep going up here. We now pay more in property taxes than we do to the mortgage component of the payment each month and that gap is growing. I don't know how that makes sense to anyone, but it doesn't to us any longer. That money just blows out the window to pay bills the state cannot keep up with.
Our plan is to leave also in the next 2 years. We've shopped other states, cost of living is sharply lower, wages are comparable and we'd be paying around 20% of the property taxes we are now on a larger home.
We'll be just like a lot of people leaving. 2 good incomes. Good careers. Just sick of getting fucked with no real solution on the horizon except raising of taxes by a state government that doesn't seem to have any other solution to the problem they created.
Go east one state.