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re: Best predictions for Real Estate Markets 1-3 yrs

Posted on 10/17/24 at 3:47 pm to
Posted by Saunson69
Stephen the Pirate
Member since May 2023
8230 posts
Posted on 10/17/24 at 3:47 pm to
quote:

scottydoesntknow



Read comment above. They will drop. It's exact opposite as you suggest. There isn't enough money out there amongst families to keep houses prices rising.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
5147 posts
Posted on 10/17/24 at 4:35 pm to
quote:

Where is that? My house in Texas was 800k and we paid like 1100/month in property taxes. Which is pennies compared to what I pay in property/income tax in Louisiana.


This has to be the exception to the rule. Tax on 800k home in EBR would be like $650/mo. State tax on $100k is $300/mo.

You have to clear $200k/yr+ before Texas tax seems more reasonable.

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41082 posts
Posted on 10/17/24 at 5:59 pm to
quote:

Tax on 800k home in EBR would be like $650/mo.


Add about 200 to that for my house in Jefferson parish. It’s absurd.
This post was edited on 10/17/24 at 10:01 pm
Posted by Big Scrub TX
Member since Dec 2013
39853 posts
Posted on 10/17/24 at 6:22 pm to
quote:

Exponential increases in property taxes with no end in sight.
Exponential? Really?
Posted by SlidellCajun
Slidell la
Member since May 2019
16401 posts
Posted on 10/17/24 at 6:31 pm to
Simply put

As rates drop, demand picks up and prices should increase
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