Does anyone feel that by the time..... (Norman: how much, house prices)

[a1m1700]

Originally Posted by thisguy

I don't think NC is necessarily "CHEAP", but I think NC is a very good value for what you get in terms of climate, jobs, the whole package.

Will it bubble? Whose to know? I hope not. But I can see a lot of steady appreciation year after year. There is still a lot of room to grow around the major cities so hopefully that new supply of homes will stop any bubbling from happening.

That said, if anyone hears about lotteries in NC let me know so I know to avoid that area haha.

LOL I took you as being serious about Texas because it's always popping up as the new boom town and the Caralinas. I won't move there because of the weather and it's not my type of place. I think it will boom though in a few years.

Agreed incomes do not match houses prices in AZ or LV. When I can go on monster.com and see better paying jobs in NC opposed to AZ something is out of whack for sure.

If I hear of any lotteries coming to NC I will pm you.

[TornadoAlley]

Originally Posted by thisguy

After I posted my somewhat sarcastic comments about Texas being the next boom area I was reading a blog which had a link to thise site which projected 2006 and 2007 home price increases (it was published at year end 2005)

Funny thing - the top 3 markets for future appreciation were in Texas .. so I guess I wasn't being as much of a smart aleck as I thought On a serious note you do get a lot of money for your home in Texas so if you can stand the heat and the culture suits you, you get a lot of house (neither of which apply to me!)

Here is the link
http://money.cnn.com/pf/features/lis...owth_forecast/

Another interesting note... take a look at the median home value in the top 10-20 home markets for future appreciation, versus the bottom 10. What a gulf. And no, people in Las Vegas or San Diego or LA don't make on average double or triple what a person makes in Tulsa Oklahoma or Texas or Carolinas. Their markets are just out of whack with the average income. (In fact Vegas is a town based on service industry which is generally the lowest paying type of work!)

It's the taxes though. 3%! That's a lot. Along with HOA on most new houses. Yikes

[a1m1700]

Originally Posted by TornadoAlley

It's the taxes though. 3%! That's a lot. Along with HOA on most new houses. Yikes

Personal income tax is outrageous in NC HOA's are a bargain though in NC compared to the new home hoa's here in Gilbert.

[TornadoAlley]

I'm bad. Never compared personal taxes between SC and NC (if any).

[a1m1700]

Originally Posted by TornadoAlley

I'm bad. Never compared personal taxes between SC and NC (if any).

Same I think..........right? Like 9%

[TornadoAlley]

Originally Posted by a1m1700

Same I think..........right? Like 9%

How would I know or find it? By the time I look you will have found a link I bet

[a1m1700]

Originally Posted by TornadoAlley

How would I know or find it? By the time I look you will have found a link I bet

Oh sorry......my bad, both are 7%. That's a crime in itself

[TornadoAlley]

Originally Posted by a1m1700

Oh sorry......my bad, both are 7%. That's a crime in itself

Thanks. No state tax though if I remember. Local sales tax is?

[tismekll]

Originally Posted by TornadoAlley

How would I know or find it? By the time I look you will have found a link I bet

SC
Tax Rate Range: Low - 2.5%; High - 7%
Standard Deduction: Single - $4,750; Married filing jointly - $9,500

NC
Tax Rate Range: Low - 6.0%; High - 8.25% (rate will continue until January 2008)
Standard Deduction: Single - $3,750; Married filing jointly - $6,100

[TornadoAlley]

Originally Posted by tismekll

SC
Tax Rate Range: Low - 2.5%; High - 7%
Standard Deduction: Single - $4,750; Married filing jointly - $9,500

NC
Tax Rate Range: Low - 6.0%; High - 8.25% (rate will continue until January 2008)
Standard Deduction: Single - $3,750; Married filing jointly - $6,100

Good find! Now you show NC has a lock until Jan'08 what about SC? What about sales tax for Fort Mill or Tega Cay?