Affordable Housing Costs: Prepare to Be Shocked

[@levand80]

I thought my 40% income tax was covering the city's infrastructure. That's insane

[@patrickandbjtalkrealestate]

Income tax is federal. Infrastructure is typically from property taxes, developer cost charges/amenity fund contributions, and provincial taxes on goods and services.

[@wellfleetion]

9 years ago, after getting divorced and getting 30k of some of the ex-wife's IRA, instead of floating this to my IRA tax free I decided to take a huge penalty and hit of like 30% and owed the IRS 14k as I banked the money, paid off debt, then put a down payment on a nice condo. Thank god I did as this same place has more than doubled in value and rents are crazy. If I did not buy 9 years ago (IRS paid off now) I would be living with three other god knows who roommates and not happy. This is Massachusetts. Prices are nuts.