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I always wonder why it is an unknown fact for many that in Texas houses are still very affordable, even in metropolitan areas. I follow the market there closely
by geff82 9y ago
I always wonder why it is an unknown fact for many that in Texas houses are still very affordable, even in metropolitan areas. I follow the market there closely, and you can get quality homes for the cheap. Is it that the high property taxes work their magic in that they hold the upfront purchase price low? It would have pros and cons - while keeping your house when retired gets more difficult, buying one when still young gets a lot easier.
- gedy 9y agoThey build a lot, and the flat cheap land goes forever..
- branchless 9y agoYes it's due to high property taxes. Keeps the speculator scumbags out.
- kodablah 9y agoOh it's quite known as the population growth rate (especially from interstate migrants) shows over the past several years. Granted life affordability is only one of many reasons.
- rconti 9y agoI'm not sure. I know a guy in the Dallas area that works in finance, who keeps dragging his heels because he thinks a $300k place is so unaffordable. I don't get the dynamic -- it seems cheap to anyone in the Bay Area (Or San Diego, or Portland, or Seattle, or LA, or New York City, or.. most cities on the eastern seaboard). My understanding is that pay is fairly decent in Dallas. I don't get how $300k is anywhere near burdensome. And yet, here I am in one of the most expensive markets in the world, and I can swing housing, but he cannot bring himself to do it. That's not to say it's less affordable there; it could be a matter of personal psychology, but regardless, I don't get it. All I know is that I've noticed over the past decade or so, everyone who argues that they can buy property far cheaper in XYZ location far away from the bay area, and live like kings... somehow... don't.