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Texas is WINNING according to New Homes Sales Agent



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topics gone triple plat - Number 1 spot 3X PLAT




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 1 month ago '08        #1
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Drosmoke81  topics gone triple plat - Number 1 spot x3
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Props total: 4435 4 K  Slaps total: 846 846
Texas is WINNING according to New Homes Sales Agent
 

 
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Last edited by Drosmoke81; 06-29-2022 at 01:38 PM..
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 1 month ago '08        #2
Drosmoke81  topics gone triple plat - Number 1 spot x3 OP
Props total: 4435 4 K  Slaps total: 846 846
Man when will we get some relief from this inflation…this is crazy.

 1 month ago '17        #3
dubsax  topics gone triple plat - Number 1 spot x2
Props total: 62961 62 K  Slaps total: 5169 5 K
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.
+2   

 1 month ago '08        #4
Drosmoke81  topics gone triple plat - Number 1 spot x3 OP
Props total: 4435 4 K  Slaps total: 846 846
 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!

 1 month ago '06        #5
imthatinfamous  topics gone triple plat - Number 1 spot x1
Props total: 39803 39 K  Slaps total: 11319 11 K
 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.
+1   

 1 month ago '05        #6
bi0  topics gone triple plat - Number 1 spot x2
Props total: 35879 35 K  Slaps total: 3093 3 K
Definitely not a good time to buy.

If interest rates drop to under 4.0 I think about buying again.
+1   



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