Taxes average 30-40% in CA/NY, lower in WA, which has no state income tax. You are probably thinking about marginal tax rate, not average. Mortgage and property

Taxes average 30-40% in CA/NY, lower in WA, which has no state income tax. You are probably thinking about marginal tax rate, not average. Mortgage and property tax in the Bay Area can actually be closer to $100k, but some are paying that on dual income. $600k becomes more like $350k after tax and housing. That's still an insane amount of disposable income, hence everyone buying Teslas.