Report: Years to Save for a Home by State and Why Business Owners Are Moving to Texas and Florida

In this presentation, attorney and CPA Chad D. Cummings reveals the dramatic impact of state taxes on homeownership and wealth building. According to a March 2026 Visual Capitalist analysis, it takes the average household in California 25.1 years to save for a 10% down payment on a median-priced home, compared to just 10.3 years in Texas. New York sits at 23.1 years, while the national average is 14.4 years. Chad explains how high state income taxes reduce discretionary income, slow savings rates, and make it significantly harder for families—especially small business owners with pass-through entities—to build wealth and achieve homeownership. He then shows why redomestication is often the most efficient and tax-efficient solution, allowing business owners to move their existing LLC, corporation, or partnership to a lower-tax state without dissolving the company, without forming a new entity, without losing their FEIN, and without triggering federal taxes. If you're a business owner in a high-tax, high-cost state struggling with long-term affordability, this presentation gives you the clear data and the practical legal path forward. Learn more: https://www.cummings.law/redomestication/