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Old 12-11-2013, 07:35 PM
 
Location: Underneath the Pecan Tree
15,982 posts, read 35,224,760 times
Reputation: 7428

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Quote:
Originally Posted by Spade View Post
I don't think it will quite get that high. It could come close. It could be where DC is at now. DC use to be cheap. Same with Miami. Now.....
Technically when you factor in cost of living and wages in comparisons between the two cities. We will.
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Old 12-12-2013, 06:44 AM
 
264 posts, read 442,130 times
Reputation: 232
In addition to the supply/demand factor, part of me wonders if the HCAD has taken the liberty of raising the property values of the inner core apartment values, hence, passing on the increase in property tax to the form of rent.
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Old 12-12-2013, 10:24 AM
 
Location: Houston
5,615 posts, read 4,945,618 times
Reputation: 4553
Quote:
Originally Posted by TXbywayof View Post
In addition to the supply/demand factor, part of me wonders if the HCAD has taken the liberty of raising the property values of the inner core apartment values, hence, passing on the increase in property tax to the form of rent.
"Taken the liberty" - if sales comps and income approach indicate that property values have gone up, then HCAD is bound by law to increase those values. Period.
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Old 12-12-2013, 02:06 PM
 
Location: Washington D.C. By way of Texas
20,516 posts, read 33,556,399 times
Reputation: 12157
Quote:
Originally Posted by 14Bricks View Post
You lost all credibilty when you put those cities in the list.
Yeah he lost me on that as well.
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Old 12-12-2013, 02:07 PM
 
Location: Washington D.C. By way of Texas
20,516 posts, read 33,556,399 times
Reputation: 12157
Quote:
Originally Posted by blkgiraffe View Post
Technically when you factor in cost of living and wages in comparisons between the two cities. We will.
No it won't reach LA in our lifetime. The coasts are far more expensive than everywhere in between. Even Chicago is far cheaper than DC
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Old 12-13-2013, 12:31 PM
 
Location: Miami, FL
3,440 posts, read 5,719,452 times
Reputation: 2264
Quote:
Originally Posted by Spade View Post
No it won't reach LA in our lifetime. The coasts are far more expensive than everywhere in between. Even Chicago is far cheaper than DC
If inflation continues to get worse and turns into hyperinflation it could but LA should always still be higher than Houston even if that happens.
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Old 12-14-2013, 05:16 AM
 
5,976 posts, read 15,275,674 times
Reputation: 6711
Default Same here..

Quote:
Originally Posted by Oildog View Post
I know some too who got tired of the Katy to downtown or Med center commute. So they ponied up and bought a townhouse in the loop.
My wife and I got tired of the Katy/Downtown commute, so we did exactly that, we purchased a home in Montrose. We paid for the dirt basically, the house was free. It was one of those homes that if you spend $500 in paint, the value goes up by $5,000.00!
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Old 12-15-2013, 09:06 AM
 
1,637 posts, read 2,631,309 times
Reputation: 803
I'm sure the suburbs are still "cheap"
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Old 12-15-2013, 04:05 PM
 
Location: ITL (Houston)
9,221 posts, read 15,959,819 times
Reputation: 3545
Quote:
Originally Posted by gerrythesnake View Post
I'm sure the suburbs are still "cheap"
Now it depends on which suburb. South Katy, Sugar Land, and TW being the most expensive.
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Old 12-15-2013, 06:35 PM
 
10,097 posts, read 10,015,571 times
Reputation: 5225
There is no reason to live in Houston unless its cheap. That's it bread and butter. Sucks that it's changing.
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