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I don't think that's a fair comparison at all. Having been in both places (currently live in Houston) we have a bad vagrancy problem that has only recently been

I don't think that's a fair comparison at all. Having been in both places (currently live in Houston) we have a bad vagrancy problem that has only recently been addressed due to the superbowl. Furthermore keep in mind the list price on a house in Houston isn't indicative of the true cost. There is a 3-5% property tax that is paid out annually. I currently pay $14,000/yr in property tax against a $320k mortgage. That's after homesteading discount and disputing the property value appraisal to be lower than what I actually paid for it.

velodrome 10y ago
> I don't think that's a fair comparison at all. How much income tax do you pay in Texas vs California? California [1]: 1% on the first $7,850 of taxable income. 2% on taxable income between $7,851 and $18,610. 4% on taxable income between $18,611 and $29,372. 6% on taxable income between $29,373 and $40,773. 8% on taxable income between $40,774 and $51,530. 9.3% on taxable income between $51,531 and $263,222. 10.3% on taxable income between $263,223 and 315,866. 11.3% on taxable income between $315,867 and $526,443. 12.3% on taxable income of $526,444 and above. Texas [2]: Texas residents pay no personal state income tax. [1] http://www.bankrate.com/finance/taxes/state-taxes-california.aspx http://www.bankrate.com/finance/taxes/state-taxes-california... [2] http://www.bankrate.com/finance/taxes/state-taxes-texas.aspx http://www.bankrate.com/finance/taxes/state-taxes-texas.aspx > There is a 3-5% property tax that is paid out annually. I currently pay $14,000/yr in property tax against a $320k mortgage. Yes, that's high. However, consider what $320k gets you in SF vs Houston. With $320k I can get a decent sized house in Houston vs a tiny studio in SF (if that). One state is not necessarily better than the other. They are making trade offs. These trade offs benefit you depending on your lifestyle and circumstances.
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velodrome 10y ago

> I don't think that's a fair comparison at all. How much income tax do you pay in Texas vs California? California [1]: 1% on the first $7,850 of taxable income. 2% on taxable income between $7,851 and $18,610. 4% on taxable income between $18,611 and $29,372. 6% on taxable income between $29,373 and $40,773. 8% on taxable income between $40,774 and $51,530. 9.3% on taxable income between $51,531 and $263,222. 10.3% on taxable income between $263,223 and 315,866. 11.3% on taxable income between $315,867 and $526,443. 12.3% on taxable income of $526,444 and above. Texas [2]: Texas residents pay no personal state income tax. [1] http://www.bankrate.com/finance/taxes/state-taxes-california.aspx http://www.bankrate.com/finance/taxes/state-taxes-california... [2] http://www.bankrate.com/finance/taxes/state-taxes-texas.aspx http://www.bankrate.com/finance/taxes/state-taxes-texas.aspx > There is a 3-5% property tax that is paid out annually. I currently pay $14,000/yr in property tax against a $320k mortgage. Yes, that's high. However, consider what $320k gets you in SF vs Houston. With $320k I can get a decent sized house in Houston vs a tiny studio in SF (if that). One state is not necessarily better than the other. They are making trade offs. These trade offs benefit you depending on your lifestyle and circumstances.

deleted 10y ago
[deleted]