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Old 11-29-2018, 09:48 AM
 
416 posts, read 270,030 times
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Quote:
Originally Posted by RoamingTX View Post
No. He stated a comparable area in CA.

As for the WA gap. Much of TX’s tax money had gone to corporations to promote job growth and infrastructure growth to accommodate an exploding population.

That said. Those taxes are on a local level - so you have to question what your specific area is doing with your tax dollars.

No, most of the TX property tax money goes to schools. Look at your tax bill.
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Old 11-29-2018, 10:23 AM
 
616 posts, read 283,873 times
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Relax guys....don't go on a tangent.
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Old 11-29-2018, 12:59 PM
 
Location: "The Dirty Irv" Irving, TX
3,841 posts, read 2,084,032 times
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Quote:
Originally Posted by kyam11 View Post
Your source is flawed. Go see what property taxes are on your house in a similar suburb in any of the other top 10 metro. DFW is one of the lowest. One of the top 5 reasons I moved here was because of low property taxes. It is also one of the reason I continue to stay. Not even close to CA. Find me a decent area with good schools in Ca that you can get 2500sf and pay less than $10,000 in property taxes
Property taxes are very high here.

You are mistaking lower property values for lower taxes. The Taxes are lower than the most expensive cities because property is worth significsntly less. The Tax rate is very high, and that comes into focus more as the property values increase here.

Even using your silly property taxes amount (not rate) per square foot, texas only has favorable property taxes compared to a handful of very expensive states.

You could go down a tier in cities (like Dallas is going down a tier from LA) and get more home for less with lower property Taxes in a St Louis or Cincinatti.
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Old 11-29-2018, 01:03 PM
 
966 posts, read 663,508 times
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Lol. Tiny cities by comparison to DFW. You need to learn how to do a proper analysis. DFW is a top 10 city as is LA

No I haven’t mistaken anything. I look at the $ I have to spend here on property taxes compared to the $ I would spend in LA, SF, Miami, NYC, Boston, Philly, Seattle, San Diego, etc

In America we pay with $. That is what matters. Using som fictional amount that the 2500 sf $500,000 house in Newport Beach is cheaper than the actual $500,000 house in Frisco is about as stupid a comparison that one can do.
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Old 11-29-2018, 01:10 PM
 
Location: "The Dirty Irv" Irving, TX
3,841 posts, read 2,084,032 times
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Quote:
Originally Posted by EDS_ View Post
All that requires analysis that most people are simply not willing to think through.
The difference is you arnt getting a house in California, you are getting one in Texas and they are priced accordingly.
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Old 11-29-2018, 01:11 PM
 
Location: "The Dirty Irv" Irving, TX
3,841 posts, read 2,084,032 times
Reputation: 4332
Quote:
Originally Posted by kyam11 View Post
Lol. Tiny cities by comparison to DFW. You need to learn how to do a proper analysis. DFW is a top 10 city as is LA

No I haven’t mistaken anything. I look at the $ I have to spend here on property taxes compared to the $ I would spend in LA, SF, Miami, NYC, Boston, Philly, Seattle, San Diego, etc

In America we pay with $. That is what matters. Using som fictional amount that the 2500 sf $500,000 house in Newport Beach is cheaper than the actual $500,000 house in Frisco is about as stupid a comparison that one can do.

Dallas is a smaller % the size of LA or NYC than St Louis is of Dallas
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Old 11-29-2018, 01:33 PM
 
Location: "The Dirty Irv" Irving, TX
3,841 posts, read 2,084,032 times
Reputation: 4332
The issue is assuming that all top 10 cities are equal. They arnt. Thats as silly as saying all top 25 cities are equivalents or top 7 or any number.

If money was no object Dallas would rank near the bottom of the top ten for the vast majority of people.

Since money is an object, I think that significantly boosts the "Value" of what you get in Dallas for the price.

I'm the first person to say Dallas is a great place, offers tons of opportunities and provides awesome value, but there are plenty of reasons beyond NIMBYism that its alot cheaper than California or NYC.
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Old 11-29-2018, 01:41 PM
 
4,369 posts, read 4,704,956 times
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Quote:
Dallas is a smaller % the size of LA or NYC than St Louis is of Dallas
Maybe, but St Louis has a decreasing population - that's why houses are cheap. St Louis used to be the 2nd largest metro in the midwest, with a population nearly 1m people.. Now it's smaller than Arlington. If you think a declining population is going to be a fun place to live or if housing price is your only variable, then I guess St Louis would be ok.
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Old 11-29-2018, 01:49 PM
 
966 posts, read 663,508 times
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Quote:
Originally Posted by Treasurevalley92 View Post
Dallas is a smaller % the size of LA or NYC than St Louis is of Dallas
It is called economies of scale. Once you get to a top 10 city size these cities for the most part offer wha the other do. Most people that are moving are going to go from a top 10 place to another top 10 place because of world class travel options, infrastructure, offerings for social outings, schools, and most importantly jobs. The reason Dallas is growing so much is that you have people moving from expensive areas like LA, NYC, Boston, Philly, Miami, Seattle, SF, San Diego, OC and they realize that if they want to stay in a top 10 metro area where the jobs are they can't go to one of the others listed if they want to keep property taxes low. Pretty much no one is going to go from Plano, TX ( an upper class great suburb) to Bakersfield. Yes if they did they would pay lower property taxes. They are going to want to go to an upper class suburb in LA like a San Marino, La Canada, Newport, Laguna, Marina Del Rey, etc.

When they compare all of the cities in the top 15

1 New York-Newark-Jersey City, NY-NJ-PA MSA 20,320,876 19,567,410 +3.85% New York-Newark, NY-NJ-CT-PA CSA
2 Los Angeles-Long Beach-Anaheim, CA MSA 13,353,907 12,828,837 +4.09% Los Angeles-Long Beach, CA CSA
3 Chicago-Naperville-Elgin, IL-IN-WI MSA 9,533,040 9,461,105 +0.76% Chicago-Naperville, IL-IN-WI CSA
4 Dallas-Fort Worth-Arlington, TX MSA 7,399,662 6,426,214 +15.15% Dallas-Fort Worth, TX-OK CSA
5 Houston-The Woodlands-Sugar Land, TX MSA 6,892,427 5,920,416 +16.42% Houston-The Woodlands, TX CSA
6 Washington-Arlington-Alexandria, DC-VA-MD-WV MSA 6,216,589 5,636,232 +10.30% Washington-Baltimore-Arlington, DC-MD-VA-WV-PA CSA
7 Miami-Fort Lauderdale-West Palm Beach, FL MSA 6,158,824 5,564,635 +10.68% Miami-Fort Lauderdale-Port St. Lucie, FL CSA
8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA 6,096,120 5,965,343 +2.19% Philadelphia-Reading-Camden, PA-NJ-DE-MD CSA
9 Atlanta-Sandy Springs-Roswell, GA MSA 5,884,736 5,286,728 +11.31% Atlanta-Athens-Sandy Springs, GA CSA
10 Boston-Cambridge-Newton, MA-NH MSA 4,836,531 4,552,402 +6.24% Boston-Worcester-Providence, MA-RI-NH-CT CSA
11 Phoenix-Mesa-Scottsdale, AZ MSA 4,737,270 4,192,887 +12.98%
12 San Francisco-Oakland-Hayward, CA MSA 4,727,357 4,335,391 +9.04% San Jose-San Francisco-Oakland, CA CSA
13 Riverside-San Bernardino-Ontario, CA MSA 4,580,670 4,224,851 +8.42% Los Angeles-Long Beach, CA CSA
14 Detroit-Warren-Dearborn, MI MSA 4,313,002 4,296,250 +0.39% Detroit-Warren-Ann Arbor, MI CSA
15 Seattle-Tacoma-Bellevue, WA MSA

The 5 cheapest property taxes for like type are DFW, Houston, Atlanta, Phoenix and Detroit.

You keep thinking DFW is expensive though while the rest of the people that actually move here realize how low their costs are.

It is also why I don't see a softening. If you want a top 10 metro area you aren't leaving DFW for another area because of property taxes, jobs, or housing costs. If you are going to move from one of the cities I listed above DFW is certainly going to be a consideration if you want to lower your current housing costs and lower your current property taxes.

If you have a specific situation and STL is giving you an opportunity to move there then yes it is likely you can lower your property taxes. As you can see people are not moving in droves to STL and they are moving in droves to DFW. Wanna bet where the majority are coming from? Those top 10 cities listed above most likely.

Last edited by kyam11; 11-29-2018 at 02:08 PM..
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Old 11-29-2018, 02:02 PM
 
Location: Dallas, TX and wherever planes fly
1,832 posts, read 2,700,638 times
Reputation: 1920
Quote:
Originally Posted by kyam11 View Post
It is called economies of scale. Once you get to a top 10 city size these cities for the most part offer wha the other do. Most people that are moving are going to go from a top 10 place to another top 10 place because of world class travel options, infrastructure, offerings for social outings, schools, and most importantly jobs. The reason Dallas is growing so much is that you have people moving from expensive areas like LA, NYC, Boston, Philly, Miami, Seattle, SF, San Diego, OC and they realize that if they want to stay in a top 10 metro area where the jobs are they can't go to one of the others listed if they want to keep property taxes low. Pretty much no one is going to go from Plano, TX ( an upper class great suburb) to Bakersfield. Yes if they did they would pay lower property taxes. They are going to want to go to an upper class suburb in LA like a San Marino, La Canada, Newport, Laguna, Marina Del Rey, etc.

When they compare all of the cities in the top 15

1 New York-Newark-Jersey City, NY-NJ-PA MSA 20,320,876 19,567,410 +3.85% New York-Newark, NY-NJ-CT-PA CSA
2 Los Angeles-Long Beach-Anaheim, CA MSA 13,353,907 12,828,837 +4.09% Los Angeles-Long Beach, CA CSA
3 Chicago-Naperville-Elgin, IL-IN-WI MSA 9,533,040 9,461,105 +0.76% Chicago-Naperville, IL-IN-WI CSA
4 Dallas-Fort Worth-Arlington, TX MSA 7,399,662 6,426,214 +15.15% Dallas-Fort Worth, TX-OK CSA
5 Houston-The Woodlands-Sugar Land, TX MSA 6,892,427 5,920,416 +16.42% Houston-The Woodlands, TX CSA
6 Washington-Arlington-Alexandria, DC-VA-MD-WV MSA 6,216,589 5,636,232 +10.30% Washington-Baltimore-Arlington, DC-MD-VA-WV-PA CSA
7 Miami-Fort Lauderdale-West Palm Beach, FL MSA 6,158,824 5,564,635 +10.68% Miami-Fort Lauderdale-Port St. Lucie, FL CSA
8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA 6,096,120 5,965,343 +2.19% Philadelphia-Reading-Camden, PA-NJ-DE-MD CSA
9 Atlanta-Sandy Springs-Roswell, GA MSA 5,884,736 5,286,728 +11.31% Atlanta-Athens-Sandy Springs, GA CSA
10 Boston-Cambridge-Newton, MA-NH MSA 4,836,531 4,552,402 +6.24% Boston-Worcester-Providence, MA-RI-NH-CT CSA
11 Phoenix-Mesa-Scottsdale, AZ MSA 4,737,270 4,192,887 +12.98%
12 San Francisco-Oakland-Hayward, CA MSA 4,727,357 4,335,391 +9.04% San Jose-San Francisco-Oakland, CA CSA
13 Riverside-San Bernardino-Ontario, CA MSA 4,580,670 4,224,851 +8.42% Los Angeles-Long Beach, CA CSA
14 Detroit-Warren-Dearborn, MI MSA 4,313,002 4,296,250 +0.39% Detroit-Warren-Ann Arbor, MI CSA
15 Seattle-Tacoma-Bellevue, WA MSA

The 5 cheapest property taxes for like type are DFW, Houston, Atlanta, Phoenix and Detroit.

You keep thinking DFW is expensive though while the rest of the people that actually move here realize how low their costs are.
Good post^^^

I just looked at the forum for my own home back in Raleigh, NC and there too prices are leveling off somewhat, and the market is flattening. This was bound to happen and a good thing. The high growth (mostly southern) cities have been on a tear with construction and new builds and things for those who are natives, new grads, public sector workers, singles are still flabbergasted at how fast it went from affordable it was 7 or 8 years ago to much more expensive currently. Although for couples, transplants from Cali/Connecticut/NYC/Seattle it is a good buy and is "affordable"

Nice to see some more reasonable growth. Also it's heading into winter so things tend to slow down a notch or two anyway.
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