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Man when will we get some relief from this inflation…this is crazy.

Texas may not really be the move if you are looking to maintain profitability.
I'm willing to bet property taxes will skyrocket in the next few years.

more workers coming to the state isnt good for home owners if you dont have income tax. You have to finance government somehow and they refuse to put any burden on companies
Especially when you consider minimum wage is 1/2 of what it is in california
median income is 60k in texas, 75k in california


to relieve inflation you have to raise interest rates.


inflation deals with the value of goods and services.
Inflation is caused when there is too much money in the system
To counter that you raise interest rates so people are incentivized to park their money in a bank thereby taking money out of the system.

when rates are low there is no incentive to save, only borrow and spend.

we had a decade of near 0% rates, too many people got into making money during this time thinking this was the norm, but it isnt.

what is going to have to happen is that we will need to have high rates for some time.

the truly fu*ked up thing about all of this is that banks arent raising saving rates at the same pace, so money isnt leaving the system as fast as it should.
So inflation is going to get worse and rates will go higher.

I used to get 2.25% to park my money now I dont even check any more because it isnt even close to prime.

dubsax said Texas may not really be the move if you are looking to maintain profitability. I'm willing to bet property taxes will skyrocket in the next few years. more workers coming to the state isnt good for home owners if you dont have income tax. You have to finance government somehow and they refuse to put any burden on companies Especially when you consider minimum wage is 1/2 of what it is in california median income is 60k in texas, 75k in california to relieve inflation you have to raise interest rates. inflation deals with the value of goods and services. Inflation is caused when there is too much money in the system To counter that you raise interest rates so people are incentivized to park their money in a bank thereby taking money out of the system. when rates are low there is no incentive to save, only borrow and spend. we had a decade of near 0% rates, too many people got into making money during this time thinking this was the norm, but it isnt. what is going to have to happen is that we will need to have high rates for some time. the truly fu*ked up thing about all of this is that banks arent raising saving rates at the same pace, so money isnt leaving the system as fast as it should. So inflation is going to get worse and rates will go higher. I used to get 2.25% to park my money now I dont even check any more because it isnt even close to prime.

You hit each bullet point my guy …lol
Your absolutely right about the property taxes skyrocketing within the next two years. I believe that’s what’s going to cause a high percentage of foreclosures in the near future.
Appreciate the post!

dubsax said Texas may not really be the move if you are looking to maintain profitability. I'm willing to bet property taxes will skyrocket in the next few years. more workers coming to the state isnt good for home owners if you dont have income tax. You have to finance government somehow and they refuse to put any burden on companies Especially when you consider minimum wage is 1/2 of what it is in california median income is 60k in texas, 75k in california

New Hampshire does it without it getting crazy. It's a give and a take. Instead of having a fire department you have volunteer fire department. Things like that etc. NH been a move and retirement destination for years and they have still kept things kosher.

Definitely not a good time to buy.

If interest rates drop to under 4.0 I think about buying again.