350k home in Louisiana:

note- 1500.00
escrow- 250.00 (home owners and property tax)
total- 1750.00

250k home in texas:

note- 1200.00
escrow- 680.00 (home owners and property tax)
total- 1880.00

enjoy your stay!!

4 ...

Report Post

Posted by LawLessTyGer

Bay of Ponchartrain

Member since Jan 2009

1256 posts

Posted on 3/28/14 at 9:32 am to oldcharlie8

Don't know where you live but I think your escrow is a little lite....
400k home Mandeville

1280 house note
520 escrow (but I don't escrow)

More realistic. (Unless you live in country)

0 ...

Report Post

Posted by lsupride87

Member since Dec 2007

96632 posts

Posted on 3/28/14 at 9:34 am to oldcharlie8

quote:
350k home in Louisiana:

note- 1500.00
escrow- 250.00 (home owners and property tax)
total- 1750.00

250k home in texas:

note- 1200.00
escrow- 680.00 (home owners and property tax)
total- 1880.00

enjoy your stay!!

However, Texas has no state income tax. There is no argument here, we(South La) get screwed on housing compared to Texas. Our suburbs(Metairie), enjoy your circa 1960 1,800 sq ft house for 240,000 that is blocks off of major highways with no true neighborhood. Their suburbs, enjoy your circa 2010 house that is 2200 sq ft for 240,000 that is in a drive in neighborhood with a community center, pool, and possibly golf course

2 ...

Report Post

Posted by PurpleAndGold86

Member since Jun 2012

11036 posts

Posted on 3/28/14 at 10:37 am to oldcharlie8

quote:
350k home in Louisiana: note- 1500.00 escrow- 250.00 (home owners and property tax) total- 1750.00 250k home in texas: note- 1200.00 escrow- 680.00 (home owners and property tax) total- 1880.00 enjoy your stay!!

Your numbers aren't even close to being accurate FYI. I know because I have a home in Houston and I know what pay in my escrow each month.

But what you fail to mention along with the higher property taxes is that in BR you can send your child to some run down piece of shite school in the ghetto where they can barely teach students to add or you can be in Katy ISD like me and send your child to school at one of the best school districts in the state of Texas.

Enjoy that great Louisiana public education!!11!!

2 ...

Report Post

Posted by SirSaintly

Uptown, New Orleans

Member since Feb 2013

3140 posts

Posted on 3/28/14 at 12:43 pm to oldcharlie8

You're forgetting no state income tax, no private school tuition, lower homeowners insurance. I pay almost $4k a year for homeowners in Nola. My buddy's property tax is way more than my property tax, but he still comes out ahead b/c his hohomeowners is like $1k. Plus he wont have to spend $7k+ a year on Catholic or privates for a decent education.

1 ...

Report Post

O-T Lounge - Replies to Post

Return To Board

Page 1

Return To Board