Wednesday, May 30, 2007

"Heatmap Property Taxes"

click on the headline to read the realated story from the wsj. i recommend to read the the spot on summary from mish

klickt auf die ├╝berschrift um die geschichte des wsj zu lesen. ich empfehle aber eher die auf den punkt gebrachte zusammenfassung von mish


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Blogger Lou Minatti said...

We pay 3% property tax on average in Texas. Stressed-out Californians say that is a lot.

What they don't say is that $150,000 will buy a very nice house in just about any Texas city. A comparable house will cost $600,000 in California. So the actual property tax bill will be lower in Texas. Plus, we don't have a state income tax.

It's no wonder that we're seeing so many cars with California license plates on our roads. Californians are fleeing.

This is a recurring cycle. California is a great place to live. It's a stupid place to buy a house and try to make a living right now.

8:59 PM  
Blogger jmf said...

hello Lou,

good hint.

Californians are probably the equivalent from UK buyers in Europe..... :-)

they are not fleeing but buying almost every property available. (for investment)

at least that is often the feeling i have

9:36 PM  

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