#181
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Quote:
Jeff |
#182
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Quote:
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#183
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This (https://businessintexas.com ) combined with no income taxes and RE prices that have historically trailed other areas of the Country. We have ridiculous property taxes, crazy heat, and our education system isn't exactly a shining beacon. However, a LOT of companies are moving here which creates a strong economy and the ability for many to be able to live somewhat affordably in most regions of the State. That's essentially what's happening in Texas that's driving prices for us (outside of the crazy speculation).
Texbike |
#184
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no income tax, how is the overall tax burden?
I'm thinking of moving to a lower tax burden state, but there are other issues to consider. At least so far climate models don't show much change for my coastal area of San Diego county. I really like being able to ride/hike/jog year round easily.
Given what is and will keep happening weather-wise, TX isn't on my list. I guess it all depends on your timeline: https://www.epa.gov/sites/production...-change-tx.pdf https://www.edf.org/sites/default/fi...stal%20erosion. Interesting to see predictions from 2006, I am sure there is something more recent. |
#185
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There's a reason why it's so expensive to live here: it's worth it.
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#186
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Jeff |
#187
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we do like it
Quote:
forgive the thread drift |
#188
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most models show mitigated temp increase at the coast
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you can google CMIP5 models but under most of those scenarios we still get warmer, but far, far less than the rest of the SW (including Tx) |
#189
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It's entirely possible if the borrower had savvy lawyer.
That, along with multitude of circumstances on loan ownership, servicer, loss mitigation strategies, etc etc etc. Keep in mind those borrowers that do this don't care about their credit. Quote:
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#190
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The hit to their credit rating isn't the big problem. As Vdoug pointed out, a forgiven loan is taxed as income, so it's a double whammy -- you lose your house and you owe the IRS a bunch of money.
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#191
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Everyone's speculation is, well, interesting.
You guys are a wonderful peanut gallery. |
#192
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How is it going for those in the current real estate market ?
Anyone have any Good, Bad or Interesting Buying / Selling experiences in this crazy market ? .
__________________
C64 SR12 EPS SPEEDVAGEN Integrated Road Intense Tazer MX |
#193
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As a seller, it's really good. I'd hate to be buying now in my area.
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#194
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Pretty much resigned to re-upping our lease and waiting to see what happens. Even if prices don't fall much, I'd feel better buying in a market where you have the ability to do basic due-diligence prior to purchasing.. Maybe that comes later this year, maybe not.
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#195
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This will mean property tax will be reassessed higher. Bad for home owners!
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