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Message

re: Dallas, Houston, & Austin on pace to build 130,000 new homes in 2017

Posted on 8/17/17 at 3:40 pm to
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
38690 posts
Posted on 8/17/17 at 3:40 pm to
quote:

The property tax law failed in the special session. Would have made any increase of more than 4% have to go to a vote. The House went with 6%, Senate walked out on that number.


Even at 4% limit, your taxes could go up 40% over 10 years.That's certainly better than the 100% limit over 10 years as it is now but still a big jump.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260547 posts
Posted on 8/17/17 at 3:41 pm to
The next housing bubble is going to be a bitch
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57316 posts
Posted on 8/17/17 at 3:48 pm to
Just want to add - property taxes are one of the most communistic policies out there. You don't really own the property. Your paying a mortgage just to have the privilege to rent your property from the government.
Posted by Teddy Ruxpin
Member since Oct 2006
39582 posts
Posted on 8/17/17 at 3:49 pm to
quote:

The next housing bubble is going to be a bitch


The government appraisals will surely come down as fast as they went up...right?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75209 posts
Posted on 8/17/17 at 3:52 pm to
Where was this crazy growth 10 years ago? Seems like it all of the sudden became a hot market.
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
38690 posts
Posted on 8/17/17 at 4:07 pm to
quote:

Where was this crazy growth 10 years ago? Seems like it all of the sudden became a hot market.


Low interest rates and a worldwide recession where the US is one of the few economies doing well. Foreign Investment is a big part of the current US Residential Real Estate market as is US "REIT" like investment vehicles for the residential market.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40094 posts
Posted on 8/17/17 at 4:15 pm to
Tech and Fortune 500 companies moving their HQ's helps create a housing need in a already housing short market :(
Posted by ZIGG
Member since Dec 2016
10135 posts
Posted on 8/17/17 at 4:18 pm to
quote:

I never said they did, and the people who think Texas will be California in 20 years are just as ridiculous. I am just saying it annoys me when I meet someone who has moved here because of the economic opportunities and then complain about the political policies and affiliations here


They can't understand that it's the exact OPPOSITE of their politics that make a place like Texas great.

But that's typical of those with politics on the left. A high sense of entitlement and an unrealistic view of the world fuels that side.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5355 posts
Posted on 8/17/17 at 4:31 pm to
quote:

We've lived here for a few years now


Where in Grapevine? I'm in Creekwood Estates. A tree fell on a Bama fan's house this morning. Unfortunately, missed his flag pole.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 8/17/17 at 4:33 pm to
quote:

The Louisiana economy is rocking Westward as people who are gainfully employed are moving to Texas.
LOL but then they have to live in fricking Texas amongst Texans
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63015 posts
Posted on 8/17/17 at 4:33 pm to
quote:

Congrats on the increased traffic and less demand for your property.



Everyone in Houston I know that has sold recently has done it in a week at or above asking.

The traffic thing sho is right, tho.
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
38690 posts
Posted on 8/17/17 at 4:40 pm to
quote:

They can't understand that it's the exact OPPOSITE of their politics that make a place like Texas great.


California is a more economically vibrant economy than Texas and has more opportunity for people with a college degree. So it must be something other than tax policy or liberal vs. conservative ideas at work.
Posted by nerd guy
Grapevine
Member since Dec 2008
12715 posts
Posted on 8/17/17 at 5:01 pm to
quote:

Where in Grapevine? I'm in Creekwood Estates. A tree fell on a Bama fan's house this morning. Unfortunately, missed his flag pole.



Damn. I'm very paranoid about this large ash tree that's about to lose it's limb onto the house we're leasing. It'd slide down and nail our car. It's been dying for a while and the owner won't cut it down. Is that the area south of 114 between 360 and 26? We looked pretty hard out there. Much better houses for the money around there is seemed like. We live off dove rd on the west side of the kids park and elementary school and now on the east side of the park.
Posted by nerd guy
Grapevine
Member since Dec 2008
12715 posts
Posted on 8/17/17 at 5:05 pm to
quote:

California is a more economically vibrant economy than Texas and has more opportunity for people with a college degree


Having a household with two PhDs in science makes it a bitch to live in DFW. Not a lot of great options for careers. Still plan on doing what we can to stay here though. Hopefully Mary Kay opens their large facility in lewisville soon and more companies keep coming in.
Posted by go ta hell ole miss
Member since Jan 2007
13626 posts
Posted on 8/17/17 at 5:08 pm to
quote:

Aka californicans driving up prices


Turns out that the lower tax rhetoric actually has merit! Shocker, right?
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 8/17/17 at 5:12 pm to
I just finished building a house on Sam Rayburn. It already gone up in value by $20,000.

I am so surprised even a small town like Lufkin has a loop and BR still has no loop!
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5355 posts
Posted on 8/17/17 at 5:34 pm to
Yep, that's where we are. I'm about a block from Parr Park and a block from the high school. Love the location and neighborhood.
Posted by Reservoir dawg
Member since Oct 2013
14104 posts
Posted on 8/17/17 at 7:00 pm to
quote:

Texas is our country's last hope.


Until what happened in California starts happening in Texas. Errything changes
Posted by meeple
Carcassonne
Member since May 2011
9372 posts
Posted on 8/17/17 at 7:21 pm to
quote:

Most of those in Dallas are not coming from Louisiana. It's Toyota and Boeing building their HQs here.

Not HQ, just divisions. They will share a building with Boeing being located on the top floor.

LINK
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40094 posts
Posted on 8/17/17 at 7:35 pm to
I need to get on at Boeing since its @ Legacy West where all them dimes and cougars be
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