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Old 05-02-2022, 07:13 AM
 
17,314 posts, read 23,464,968 times
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Quote:
Originally Posted by AiwaDDR View Post
Texas is turning into California at an alarming rate, all they are doing is making everything here expensive. Houses use to be cheap, taxes where lower than what they are now. All of the major cities are turning blue and I truly believe that Austin will become the next San Francisco. Eventually the cost of living will be too expensive and people will start to move out of the state. Only time will tell.
Why do you hate capitalism?
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Old 05-02-2022, 07:43 AM
 
923 posts, read 298,220 times
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Quote:
Originally Posted by EP45 View Post
Sadly it’s not capitalism. It’s publicly funded tax breaks for major corporations, which is actually closer to socialism. But we keep electing the same thieves and liars, all because “derrrr team!”

There are, quite literally, billions of dollars in financial incentives given out to companies that simply horde said profit, or take it out of state - all funded by taxpayers and property owners in the state of Texas.
Property owners haven't benefited?
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Old 05-02-2022, 08:04 AM
 
Location: Houston, TX
7,372 posts, read 4,044,264 times
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Quote:
Originally Posted by EP45 View Post
Sadly it’s not capitalism. It’s publicly funded tax breaks for major corporations, which is actually closer to socialism. But we keep electing the same thieves and liars, all because “derrrr team!”

There are, quite literally, billions of dollars in financial incentives given out to companies that simply horde said profit, or take it out of state - all funded by taxpayers and property owners in the state of Texas.
This is it. Texas Republicans LOVE big government and socialism. Its just a different brand of it. They love to legislate morality (which is big government) and they love to poach companies to move here via corporate welfare. The reason large numbers of companies from California move here is because Texas actively poached them. All Texas had to do was not do that and the number of Californians coming would have been smaller.
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Old 05-02-2022, 08:05 AM
 
1,013 posts, read 336,125 times
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Quote:
Originally Posted by EP45 View Post
Sadly it’s not capitalism. It’s publicly funded tax breaks for major corporations, which is actually closer to socialism. But we keep electing the same thieves and liars, all because “derrrr team!”

There are, quite literally, billions of dollars in financial incentives given out to companies that simply horde said profit, or take it out of state - all funded by taxpayers and property owners in the state of Texas.
What a bunch of crap. Its apparent you have no knowledge how the economies worked that you are clearly anti - grow. Georgia, Arkansas, Calif, Tenn, Alabama, and dozen of other states offer incentives to companies to move or start in there states. The hundreds of jobs that come with the new companies pay sales taxes, rent or buy homes, buy cars, travel and spend their money here and that adds substantially to the state coffers.

Every state needs to grow just to keep up with inflation or guess what - taxes will increase to pay for the services people demand.
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Old 05-02-2022, 08:07 AM
 
923 posts, read 298,220 times
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Originally Posted by EP45 View Post
The only way to benefit is to sell and move, or take loans against the property.

So. No. They haven’t.
Uh huh, and that's not benefiting? I know many that took this opportunity to refinance and take a cash out to pay off high interest debt. That's a substantial benefit in case you don't realize it. Or do you think it's better to pay 18% interest versus 3.5%?
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Old 05-02-2022, 08:13 AM
 
923 posts, read 298,220 times
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Quote:
Originally Posted by done working View Post
What a bunch of crap. Its apparent you have no knowledge how the economies worked that you are clearly anti - grow. Georgia, Arkansas, Calif, Tenn, Alabama, and dozen of other states offer incentives to companies to move or start in there states. The hundreds of jobs that come with the new companies pay sales taxes, rent or buy homes, buy cars, travel and spend their money here and that adds substantially to the state coffers.

Every state needs to grow just to keep up with inflation or guess what - taxes will increase to pay for the services people demand.
Yep and although those that look at the glass half empty will point to traffic congestion and infrastructure problems (both real issues), they fail to see the benefits of improved downtowns, better jobs with higher income, recreational, sporting, educational, retail, entertainment, and cultural activities.
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Old 05-02-2022, 08:18 AM
 
923 posts, read 298,220 times
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Originally Posted by EP45 View Post
No. I think it’s simply better to not have high interest debt. You’re stubbornly missing the point - everything you’ve pointed out as a “benefit” is simply a way for a bank or politician to make money.

Keep beating your drum though. I’m sure it’ll work out juuuust fine.
Ahh...but that's certainly not reality as most people do indeed have debt. And yes, dropping your debt to a substantially lower interest rate is indeed a very real benefit. Btw, we took a cash out quite some time ago and bought more property. I'd explain to you how that turned out but it sounds like you wouldn't like it since you appear to be trying to paint a one sided narrative. And yeah, it did work out juust fine.
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Old 05-02-2022, 09:47 AM
 
17,314 posts, read 23,464,968 times
Reputation: 15804
Quote:
Originally Posted by EP45 View Post
Sadly it’s not capitalism. It’s publicly funded tax breaks for major corporations, which is actually closer to socialism. But we keep electing the same thieves and liars, all because “derrrr team!”

There are, quite literally, billions of dollars in financial incentives given out to companies that simply horde said profit, or take it out of state - all funded by taxpayers and property owners in the state of Texas.
Are you saying that the Texas Republican government is bad?
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Old 05-02-2022, 10:08 AM
 
923 posts, read 298,220 times
Reputation: 997
Quote:
Originally Posted by EP45 View Post
Leveraging a property as a speculative investment tool is one way to do it, has some obvious major downsides of the market turns.

I’m just sick of how much money is being spent bringing companies here, while watching our taxes climb. Then you watch them take the profits right back out. That’s not “capitalism”. That’s being bled dry.

If it’s better for the company to be in Texas, then they should stand on the same footing as everyone else. That’s capitalism.

The dichotomy of the “one sided narrative statement” is pretty funny though. Kudos for the early morning laugh.
I guess sarcasm is the best defense when you can't defend against the points made

Last I checked, even in downturns people still need a place to live (so much for that argument). We bought our last property at the absolute worst time (end of 2006). Owned it until 2019 and never had a rent payment missed. Sold for a decent profit and bought a house in the Austin metroplex that has doubled in value in 3 years. But yeah, that equity thing is just terrible.

I don't care if companies get tax breaks if they're paying higher wages and creating jobs. That's capitalism also. I don't think people get overly concerned about property tax if their income is going up (maybe you're not one of those people that own a house or have increased your salary).

I've had a nice laugh also at your attempt to spin this as a big, dark cloud.
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Old 05-02-2022, 11:45 AM
 
17,314 posts, read 23,464,968 times
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Quote:
Originally Posted by EP45 View Post
All government is bad in our current dynamic. Everything has gravitated to the extremes as opposed to rational thought.
The same answer I always get: "They all do it"
Even though the Texas government is completely controlled by republicans
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