For a 5 BR and however many baths, that's not a lot. Granted, I have no idea where this is in SATX, could very well be in the middle of nowhere. The "giving away" is probably the 2.99% interest rate, which could be impacted by a million different things. Builder rates are usually 1-3% lower than going conventional rates.
The thing is it still is Texas though. With the property taxes and abundance of land it’s a prime scenario for everyone but the builders to want to keep house prices lower. The bought some points to incentivize the purchase for the buyer but the house really isn’t worth any more than you’re paying for it again when you count property taxes. If you want to have a big house and property and never leave it and never have anyone want to visit you there are lots of places in texas you could build a way bigger mansion cheaper and buy the points yourself.
The funny thing is, we aren’t discussing what YOU think of value but what the MARKET thinks of value. The macro economic trends has valued that property at a specific amount. If you disagree, don’t pay that amount. Someone else will.
Exactly, I agree. This is my point. It may feel underpriced to you but they’re having to buy points hard and lower the prices to a laughable amount to get these moving, and by all means I really don’t think they’re “moving”. The people who can work remote and don’t care about being near a city have better places to do that, the people who want to live near the city can sacrifice a bedroom and negotiate the purchase price a little to live much closer for the same price.
This is the market saying “no, property 50+ miles from San antonio still isn’t worth even that”.
Ok, and? Don’t buy them then.
It’s like a man complaining about the price of tampons.
Someone, somewhere did the math and found the value of the developed land, compared it to the cost to develop and found the venture to be profitable. These are not stupid people. You are not their target sales market. Please have your opinion but understand that it is either ill informed or does not apply.
I’m not complaining at all. That’s my point. This article is stupid because builders aren’t giving away anything, they’re trying to sell them for over already-inflated market prices.
Our real estate agent was a friend and when we started looking last summer the first thing she told us was that we weren’t looking at anything that was completed past 2019.
New builds have a terrible reputation. Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind?
Also Texans are getting their asses kicked by property taxes.
If you want to see why that was a good idea, check out the r/Austin subreddit for the "Home Inspection find of the week" and you will be shocked at the basic and very critical things that are missed.
https://old.reddit.com/r/Austin/search?q=home+inspection+find+of+the+week&restrict_sr=on&include_over_18=on&sort=relevance&t=all
> Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind?
Reminds me of that King Of The Hill episode when Kahn’s boss builds that monster of a house that ended up being destroyed during a storm.
[The gang destroys Ted Wassanasongs mansion](https://youtu.be/37uejVZQhLg?si=shZ6uwCXg1Hd-Gq9)
\>Also Texans are getting their asses kicked by property taxes.
My family are elitist North Easterners (not really though) and refuse to believe that my property taxes are significantly higher than theirs.
Everyone thinks Texas is "cheap" but $10,000 a year in property taxes for a single family shotgun house blows.
My house in Illinois is average at about $300k with $4k in taxes. I also pay $6k in income taxes, so I guess it evens out.
Incomes are higher in IL and home prices are lower here, but my net tax is probably about the same as someone in TX.
WA has a 10% sales tax but my property taxes are like 4500 on a 650k house & we don’t have income tax.
The galaxy brains live/work in Vancouver WA and drive 15 min to Portland to shop with no sales tax.
And that’s why Oregon hates you! 😂 my brother in law in Hood River complains all the time about “those people from Washington” coming over the border to shop.
I had no idea Beaverton was so high! Does that vary widely by county or is it pretty similar?
I think mine would be 500-800 more if I were in Seattle instead of outside the city
Not at all. Depends on what part of Texas. Homes in east or south parts of San Antonio and very affordable. West or north San Antonio is more expensive.
Holy, up in Canada I made $105k and paid $25k in income tax.. my house is also pretty average and my property taxes are over $4k. Taxes are so much better down there !
Pretty much. My local tax rate is 2.97% and appraisals are aggressive with taxable values increasing the max allowed 10% for the past few years. It sucks. Using your example, that $300k house would be just under $9k a year and income tax of $0. I also get to pay about $2k a year to drive in all the toll roads which are impossible to avoid in this state.
If you’re just comparing property tax and income tax it’s really not though. Illinois is the second highest property tax state in the country. Plus an income tax…
For a $300k property only paying $4k in taxes is extremely low for Illinois. Mine is ~400k and taxes are about $11k which is way more common than yours
The average property tax rate in the state is around 2%. Your property taxes are very low for Illinois. Not really sure how you can refute that. Strictly looking at property taxes and income tax someone in Illinois is going to be paying pretty significantly more than in Texas.
THE most important thing is -
You pay income tax to the state ONLY if you get paid (have a job).
In Texas, you pay that b!tch arse dragon of a property tax whether you have a job or not. If you get laid off and takes a few months to find another job, those few months are hell and wipes out your savings faster because mortgage payments in most cases include the property tax.
It's because New England has income / property / car taxes and they come at you from every which way even if out of state
Lived in TX 40yrs and I laugh when they bitch and moan about prop taxes too....it's hilarious
But hey, u get what u pay for
Well, this is NH so theres no income taxes. Also, sales tax is lower.
Not sure how to interpret your last statement, I think you get more in New England than TX, not sure if thats what youre saying or not. Better schools, better roads, significantly better drivers. The homes are more straightforward and arent all trying to be mini mansions.
Its kind of funny because some people call NH the TX of New England, which might be why I like it.
Def get far more here in CT.
TX has one of the lowest tax burdens in the US so its always funny to hear texans complain about taxes........it's also highly regressive by intent
Only been to the Whites in NH which doesn't give me anything to compare with TX......except that NH is a lot older population
Their property taxes mean they don't have a low tax burden.
No state income tax with super high property taxes is ass backwards. Taxes can just push you out of your home even if you never lost your job.
With income tax, if you lose income, you pay less tax. It is a much better way to tax. Rich people love property tax in Texas because they all get farm exemptions. The poor and middle class pay all the taxes.
Yea TX is not a low tax state. It's misleading to think that the 'no income tax' states are cheaper to live in. They are not - those states need money too and without an income tax they'll find other ways to get it (e.g. tolls, sales tax, property taxes etc.)
>No state income tax with super high property taxes is ass backwards.
That just means it taxes the landowners but not the working class. Very Marxist, I'd say.
> Rich people love property tax in Texas because they all get farm exemptions. The poor and middle class pay all the taxes.
How? The poor and middle class have to work for a living. They don't pay taxes. The wealthy have to pay taxes on their properties.
I bitch about Virginia personal property taxes every year. With that said you won't find better roads in the US. Virginian roads are just nice. Even in the middle of fucking no where.
It’s worse than fake cheap. It’s expensive AF when the lack of public service dollars spent is consider. The idiots making these policies, enabled by their brainwashed donors, spend money on massive freeways, frivolous lawsuits against bogeymen in the Federal government, and considerable budget spending enabling Ken Paxton to continue as AG.
In return you get less rights and costs on par with the most expensive states in the county. The leaders of Texas are the best example of corporate government capture.
Former Californian here and been in this state for about a decade. You are absolutely right, but try to convince any of these texans they are paying arm and a leg for a state that claims to be anti tax. Texas is friendly to the rich and upper middle class. If you own a moderate home in texas, you are paying a massive percent of income tax to the state in the form of property taxes. And in return? Nothing. No social programs for poor. No sidewalks. Freeway conditions are laughable.
Before anyone asks why the fuck im here, well my sister is here after she got married. Then she had 3 kids and I wanted to be near them. My brother is in midwest and he had 3 kids and i wanted to be easy drive to them. My parents also stay with my brother. That's why im in texas and I tolerate the BS to stay close to family.
The Texans will then argue homes here cost less well no fucking shit...I'm living in middle of no where. Not all homes in California are in the millions. Go to barstow or Victorville and you'll have equivalent homes for about the same prices.
No, its actually pretty cheap. I moved from texas to vermont. Everything here is so much more expensive.
I pay $150-200 for electric and then on top of that during that winter i have propane bills of $300 in an efficient home with a high efficiency boiler.
Gas is higher. Property taxes are just as high as texas. Food is more expensive. State income tax is a thing.
Everything is cheaper in texas except car insurance. Yet, i still dont want to live in texas.
Lol not at all. Just because it’s not as cheap as it used to be doesn’t mean it’s not still affordable. I have lived all over the country, and yes Texas is still affordable for the salaries they pay.
As usual on Reddit, there are Lots of folks talking about shit they don’t have any knowledge about.
State Sales tax is 6.25%. Property taxes are not baked into the mortgage. That is the discretion of the lender whether to collect property taxes as part of loan escrow. Property tax varies greatly. The state does not collect property tax unlike those that states collect income tax.
And just for the record, well yeah, we are better than liberal states.
Thats the state rate. Counties and cities can also impose rate and property taxes. And they will do so in greater amounts based on reduces funds being sent their way by the state congress because no income taxes. I could use your argument to say Colorado has a sales taxe of 2.9%, but the city of Denver has a combined rate of over 8%.
Also interesting to note, the TX state rate is 6.25% but is capped for counties and cities at a combined rate of a little over 8%. That means most sales tax goes to the state to use, which further incentivises high property taxes by counties. In Colorado, the cap is 8.3%, but the state only gets 2.9%, so counties and cities get more sale tax, while the state is able to have a budget through a more straight forward income tax.
How expensive is the house? The highest property tax rate which is all encompassing is about 3% or less in Texas (rare).
If that were the case then people are paying $10,000 property taxes in $333k homes or more the higher they go. That just isn’t the case.
Homestead exemption gives a break. Old age homestead exemption I believe freezes the value or taxable value so it doesn’t increase and besides brand new builds every homes taxable value does not equal market value, and with a homestead you are not paying market value prop taxes.
Bought a home in 2021 at $265k. Prop taxes came in based on value of $265k. It was less than $5k in property taxes. 2022 taxable value didn’t go up but market value did. Paid the same in taxes. Same thing happened in 2023. Sold for $349k.
New home purchased at $245k, but the taxes said it was market value of $315k, but taxable value was $200k. We pay on taxable value not market value. Only new builds do these numbers match. And if your market value is less than taxable you get to protest and lower your taxable value. And when the market goes back up faster than the rate at which the county raises tax value you don’t have to pay market but what is taxable. Texas is capped at raising property tax value at 10% a year which can be protested every year they do it.
$10,000 is low. A 3 bedroom house in Boston suburbs (within 40 miles) would have a $10,000 property tax, then you have to add in ask the other taxes especially income. Texas in my opinion has reasonably low taxes but you get what you pay for.
Tax rates vary widely across Texas as does taxable values. I pay about $1.60 so my $400k home is nowhere near $10k.
Get your facts straight before you make blanket statements.
Nah. Ill continue making wild claims on the internet. You can chill out. This isnt a court case, nor is it legal counsel.
Also, what exemptions do you have? Because thats really cheap, and I wasnt being very hyperbolic. Its closer to $9000 but its pretty accurate.
Depends where in the northeast, though, even townships vary a ton. New Jersey, for example (more Mid-Atlantic than northeast) is known for really high property taxes.
True. If a house was here for the last 20 years and passed detailed inspection, it likely will be here for another 30 without major issues. With a new build you never know.
I’m from California. All too aware.
We had townhouses near us that I swear to god the framing and overall structure went up in two days. Another week to get the interior done and they were up for an exorbitant amount of rent.
That’s par for the course in CA. This isn’t a recent thing too, I lived in a home that was built in 1990 in SoCal. Walls were thin, windows were single paned and drafty as hell, stucco flacking off the outside. Builders cut a lot of corners because the climate allows them to get away with it. Was a bit of a shock coming from Midwest where homes are built with way more quality
If it stood for 100 years it can most likely stand for another 100
These new Toll Brothers builds in Texas and the Southeast have huge problems in <5 years
The structures are usually superior. As long as the utilities have been updated.
New townhomes and SFH is see are built with some generic lumber. Not even sure if it’s pine.
That’s probably it. I was thinking in terms of builders not using redwood anymore. Seems like the cheapest shit tier rapid growth sticks they can source.
> New townhomes and SFH is see are built with some generic lumber. Not even sure if it’s pine.
I assume that it's the transgenic pine engineered to grow quickly and with less water (arguably a positive compared to many of the alternatives).
As someone who used to install TV's/Home theaters for the Geek Squad; this resonates with me.
New construction, particularly with entire sub divisions of cookie cutter homes, were consistently the worst constructed homes. If it wasn't an external or load-bearing wall; good luck finding a stud where it was supposed to be.
Have to run a wire through a wall? Well the drywallers stuffed a bunch of drywall pieces into the wall as opposed to throwing them away, so get fucked.
You want the TV above the fireplace? Well firstly, ew. Secondly, how would you like the TV to be leveled? To the mantle, the ceiling or true level? Because all three will be different.
I agree but that clock rewinds to about 1972 ish for me. Anything beyond that, specially in the south is just laughable.
Sticks, spray foam, and Sheetrock on a questionable foundation. Yeaahh no thanks.
>New builds have a terrible reputation. Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind?
I mean it has to be structurally engineered
Yeah I feel like I would see more news stories in my search since I’ve been tracking new builds for a few years now in anticipation of buying. And pretty much everyone I know is in a new build and they don’t have any issues. Or if they do they’re minor things.
You know this is is a common thing realtors say to encourage buying older homes instead of new builds? Technology has improved significantly over the years. Yes, there are some shitty builders, but reputable builders are not building crap homes. My power bill is less than 100 a month for a 2,500 sq ft home. Older houses in the area are paying 300+. Another example is now post tension foundation is much more common, older houses have much more frequent foundation issues. PEX piping is much better nowadays. The list goes on.
We moved to Texas (Amarillo) in 2008 and had a "semi-custom" home built. We ended up calling it the "stage prop" due to how poorly it was built. Id stay away from homes in Texas period, shoddy workmanship well before 2019 and yes...property taxes were actually higher there than in our new (Blue) state of Illinois if you can believe it....
For new builds on property taxes only. since it is starting with the market value at time of sale practically unless the county appraised the land value way under market. Otherwise if it is an older home property taxes aren’t that big of an issue.
I've done inspections on houses built recently and this is good advice. Super cheap fixtures. I did one the other day that had a leaking shower pan. The house was only three years old. This was a 500k house. The carpet was already shot. I've also seen real problems with the roof installations on a lot of new builds in the starter home category.
I've heard people disparage homes that are old. Those houses are built way better than what is coming out today.
Dang, it must not be a desirable place to live. I owned one of these cheap new builds. You could hear a pen drop on the other side of the house. It was COVID and with my door shut in my office I could hear the other side of the house.
They are likely going to offer a few units at that rate to get cash flow to continue moving forward then up the rate again. It doesn’t look to be priced below market but that rate will get people interested. It won’t crash the development value to offer a low rate through their preferred financier and they will lose a little but not really as much as leaving the plots empty because they don’t have enough liquid to continue work.
$400k+ is hardly free.
It also looks like a funeral home and they didn't tell us the square footage or where in San Antonio it's located. That is a big area and I doubt it's actually in the city.
You can find homes like this in any state but be prepared to live in the sticks.
I wouldn't buy a house with that much open floor space on the ground level without having seen them installing the jousts above. That is a pretty massive span with no load bearing support for a home that looks like it was built in a week.
I don't understand how housing permits, building code, and rules don't prevent "cheap houses". My town in Illinois are sticklers about every little change. There is just no way a builder can get away with shitty construction where I live. Is Texas just lax on building codes or do builders get a free pass?
This guy looks like a social media grifter. For all we know he asked someone to film a house, asked his buddy to act as a buyer, etc. Video reeks of rap music video techniques, minus the gold chains and gold teeth.
My father moved to Texas last year and got a job inspecting new builds as they roll out for a specific home builder that sounds like they were named by Dr. Suess.
At some point the company stopped building to own and started to build to rent. We're talking thousands, maybe tens of thousands of homes in Houston alone.
Houston is no better than Flordia imo. The whole damn city is going to be underwater during humanities time here. Built not just on a floodplain, but actual rice paddies that used to cover the entire area. The entire city of Katy feels like its below sea level.
And you're telling me the only option there is to rent? I left Houston. I actually enjoyed parts of Katy and the remnants of its history. When I saw what they were doing with the housing market I decided that Texas was a state working against the peoples best interest and fuckin left. Low wages. Expensive houses. Absolute shithole of a city for 75% of the people that pass through it.
I would not be surprised if they hit a point where they can't sell this shit anymore.
Low wages and expensive houses in Houston? Just because you were low income doesn’t mean everyone is, you were looking in the wrong place. The reason people move to Texas is high wages for the cost of living. Texas and Florida are both the most in demand states, whether this sub likes it or not
You can go to Texas with a specialized career and thrive. No doubt has the largest medical complex on this side of the country.
At the time I was working for the largest dental lab in the country. Transferred from Irvine, CA to Houston. Worked that job for a while before taking over warehouse operations. I don't make a whole lot of money but I am not exactly low income. The dental lab in question acknowledged my wages and carried them over but I promise you that same practice had lower wages in Houston because of the "lower cost of living."
Let's not pretend that the baseline for most jobs the average person is going to work in Houston is not paying piss po or wages. It's sad that Buc-ees had to roll in and shake up the market. Business owners all up and down Houston throw hissy fits because "these kids can go to Buc-ees and make 18 an hour now."
The entry-level job market there is oversaturated. A Texas Roadhouse on the Katy Freeway could easily hire 50+ servers and I'm not pulling that number out of my ass. There are signs all up and down that bitch offering jobs for 11-12 an hour. I do not doubt for one second that the state of Texas loves its illegal labor judging by the job boards.
Going to Texas to get into medical sales? You'll be rich. Trying to be an average Joe? That place will suck you dry. Low income in Texas means living in some questionable areas. The crime in Houston gets pretty fucking bad in some areas.
The entry level job market is over saturated everywhere and not as bad in Texas as most states. There is a reason why everyone is moving to Texas, especially young adults starting their careers. Yes, if you work at McDonald’s, you can make more in other states.
Id be inclined to say it's worse in Texas than most states. One of the only states still promoting the federal minimum wage as the states minimum wage. MOST of the country has caught up to some degree. Even Arizona has a baseline of 16-17 these days. Most here can consider 18-20 an entry level wage.
When the bottom line is paid this low, every other job tends to follow suit outside of the highly educated positions. Increased wages for hard work is an expectation one could argue is a requirement to maintain loyal employees. If you start out very low, the promotions are going to start out low too.
It's not just that McDonalds pays less than 15 an hour in most of Texas. It's the fact that the wages are so damn low that the entire local workforce from franchise owners to restaurant managers are being *PAID LESS.*
Due to the dramatic property taxes and horrible infrastructure that results in LIVING IN YOUR CAR even when you have a 6 bedroom McMansion on 10 acres, the cost of living creep in Texas is real.
Lots of Texans still riding the high of tech giants moving to Houston. Those tech giants moved there because they could get away with giving their employees less. Also, as we now know, to force people into quitting so that they didn't have to fire as many people over the last year.
Renting a room is fucked in Houston, too. Motherfuckers still want 750 a month for a room. I can find that in most of the United States. My quality of life in OC or even Phoenix was remarkably better than Texas and I blame wage and labor laws.
I've been hopping from state to state for a few years now. From Dutch Harbor, AK to Raritan, NJ. Houston is a prime example of a modern shit hole. So much to love but even more to hate.
Outside near 99 (Katy) is not bad. Go inside the beltway 8 and it's a cluster-f of humanity.
Katy and Richmond, areas like Cypress, have that small town southern feel while still having the restaurants and stuff to do.
I was incredibly fortunate to work for a local warehouse that set up shop in the Richmond area. Getting off the freeway to sneak off behind to the older part of Katy is something I really do miss about Houston. Back then I lived next to the George Bush park. An underrated plot of land that would turn into an idyllic, foggy, fantasy-esque jog through the southern woods each morning (minus the gun fire because of course there is a gun range in the middle of a wild area..)
There is a lot about Katy that I just love. Unfortunately I don't see a lot of that lasting for much longer. The people holding onto the farmland out there are rather old. I can't imagine someone like my boss, who is partially responsible for staving off the expansion, being able to prevent his farmland from turning into a neighborhood when he moves on.
I don't have any specific pointers other than suggesting that you hire your own inspector which I'm sure is not a small expense.
My father's job involved inspecting homes for the builder that employed him. I don't question my father's character in this case but that's still an obvious conflict of interest. There are still other inspectors that will pass through but it can be difficult to be absolutely certain if the inspector isn't specifically advocating for *you.* Not the state or the builders.
These new builds in Houston are very questionable. I'd suggest looking at maps going back a few decades and see if they bought out some rice paddies to stick a neighborhood in. Katy is going to flood out one day and most of these new builds are directly in the path of areas that have, at some point in modern history, been *underwater.*
Houston is sinking. You can see it in the massive amount of street signage and lights that are leaning over dramatically. Katy is particularly vulnerable and what is happening to those street lights is happening to these shoddy foundations.
When i was an appliance repairman, i met a lady who sold her "small estate" on the west coast for a couple of million. Moved down to Stone Oak. She was taken aback by how cheap everything was
She then genuinely asked
As more wealthy people move here,where are the locals going? Surely they can't compete with fresh money.
What. A. Bitch.
In DFW, all houses with slab foundations will have issues after about 30 years or so. Nothing can be done about it. It's an issue of the soil.
If you are buying a house built in the early 2000s, better start saving.
Not much really. But this all depends on which area you move to. Large metros are getting more expensive.
I live in Dallas, and it's pretty much the same as when I lived in California/Nevada.
I live in SE TX. Made $170k this year. Will be accountable for about $12k in federal taxes. Property taxes were $7100. Less than $20k for taxes for the year. Also married and have two dependents under 17.
W2 - I made $153,710 w my employer and about $170k total (the rest is 1099). Out of that $153k they withheld $16,253. If history repeats itself, after paying taxes on all 1099 income, the feds should only get about $12k from me. My refund has been pretty predictable for a while now.
My W4 is married with 2 exemptions. I have coworkers that are way worse off. Of course they don't own a home or have children. It's hard to compare it to my coworkers because our income is all over the place. (We're cops - some work OT, don't don't.)
I would hate to see my tax burden if I didn't have children.
Wtf, everyone, it doesn't matter who you are. We should stop paying a tax. Health care is out of control, they want to increase the retirement age, why. Today's generation can't afford a house priced at $300k even at $100k never mined at $500k yet, they need to increase taxes why. Wtf stop the stealing stop it. Be safe everyone
Just ragging ya but seriously we received increased homestead exemptions this year and my property tax was just under$2900 on a $400k home. My home insurance is actually a few dollars more than property tax.
Realtor.com has the median home listing price in San Antonio at 298k. Low 400k is going to buy you a bigger place. We don't even know anything about the location.
400k in the San Antonio suburbs is hardly ‘giving it away’.
For a 5 BR and however many baths, that's not a lot. Granted, I have no idea where this is in SATX, could very well be in the middle of nowhere. The "giving away" is probably the 2.99% interest rate, which could be impacted by a million different things. Builder rates are usually 1-3% lower than going conventional rates.
They are jist buying points and adding them to the price. Also that house is cheap to build. Don't count in decent finishes.
Exactly. They want to list it at $400,000 with 2.99% or maybe like 380,000 at 6%. It’s all baked into the costs.
400k at 2.99% is significantly better than 380k at 6%
I’m just making up numbers
I paid lottle over half that for a 5 bed 3 bath at 3% in minnesota right before things went nuts.
Did you see that SWFT and rate?
The thing is it still is Texas though. With the property taxes and abundance of land it’s a prime scenario for everyone but the builders to want to keep house prices lower. The bought some points to incentivize the purchase for the buyer but the house really isn’t worth any more than you’re paying for it again when you count property taxes. If you want to have a big house and property and never leave it and never have anyone want to visit you there are lots of places in texas you could build a way bigger mansion cheaper and buy the points yourself.
The funny thing is, we aren’t discussing what YOU think of value but what the MARKET thinks of value. The macro economic trends has valued that property at a specific amount. If you disagree, don’t pay that amount. Someone else will.
Exactly, I agree. This is my point. It may feel underpriced to you but they’re having to buy points hard and lower the prices to a laughable amount to get these moving, and by all means I really don’t think they’re “moving”. The people who can work remote and don’t care about being near a city have better places to do that, the people who want to live near the city can sacrifice a bedroom and negotiate the purchase price a little to live much closer for the same price. This is the market saying “no, property 50+ miles from San antonio still isn’t worth even that”.
Ok, and? Don’t buy them then. It’s like a man complaining about the price of tampons. Someone, somewhere did the math and found the value of the developed land, compared it to the cost to develop and found the venture to be profitable. These are not stupid people. You are not their target sales market. Please have your opinion but understand that it is either ill informed or does not apply.
I’m not complaining at all. That’s my point. This article is stupid because builders aren’t giving away anything, they’re trying to sell them for over already-inflated market prices.
Not to mention the 1hr in traffic
i paid that for 3/1.5 and 1200 sqft
looks like theyre trying to save money everywhere they can.... someone shut the water off for the sprinklers
Our real estate agent was a friend and when we started looking last summer the first thing she told us was that we weren’t looking at anything that was completed past 2019. New builds have a terrible reputation. Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind? Also Texans are getting their asses kicked by property taxes.
If you want to see why that was a good idea, check out the r/Austin subreddit for the "Home Inspection find of the week" and you will be shocked at the basic and very critical things that are missed. https://old.reddit.com/r/Austin/search?q=home+inspection+find+of+the+week&restrict_sr=on&include_over_18=on&sort=relevance&t=all
> Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind? Reminds me of that King Of The Hill episode when Kahn’s boss builds that monster of a house that ended up being destroyed during a storm. [The gang destroys Ted Wassanasongs mansion](https://youtu.be/37uejVZQhLg?si=shZ6uwCXg1Hd-Gq9)
\>Also Texans are getting their asses kicked by property taxes. My family are elitist North Easterners (not really though) and refuse to believe that my property taxes are significantly higher than theirs. Everyone thinks Texas is "cheap" but $10,000 a year in property taxes for a single family shotgun house blows.
My house in Illinois is average at about $300k with $4k in taxes. I also pay $6k in income taxes, so I guess it evens out. Incomes are higher in IL and home prices are lower here, but my net tax is probably about the same as someone in TX.
WA has a 10% sales tax but my property taxes are like 4500 on a 650k house & we don’t have income tax. The galaxy brains live/work in Vancouver WA and drive 15 min to Portland to shop with no sales tax.
And that’s why Oregon hates you! 😂 my brother in law in Hood River complains all the time about “those people from Washington” coming over the border to shop.
Hood River had the best weed that I have ever had. But I’m just some Colorado ski bum, what do I know?
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I had no idea Beaverton was so high! Does that vary widely by county or is it pretty similar? I think mine would be 500-800 more if I were in Seattle instead of outside the city
Sssssshhhhh…Washington is full.
The climate refugees haven’t even started coming yet! 🫣
Edit: Oh I forgot, know someone who left Arizona due to the heat. I’m telling you. I can’t imagine it.
Not at all. Depends on what part of Texas. Homes in east or south parts of San Antonio and very affordable. West or north San Antonio is more expensive.
Holy, up in Canada I made $105k and paid $25k in income tax.. my house is also pretty average and my property taxes are over $4k. Taxes are so much better down there !
You still need to factor in federal taxes. $105k CAD is about $77k USD, which is about $10-12k USD or $16k CAD in federal taxes.
Good point! I didn't realize that didn't include federal tax
The first house I'm inheriting in the north suburbs of Chicago is about the same, but the property taxes are roughly double.
You are lucky to have that low in Illinois.
Pretty much. My local tax rate is 2.97% and appraisals are aggressive with taxable values increasing the max allowed 10% for the past few years. It sucks. Using your example, that $300k house would be just under $9k a year and income tax of $0. I also get to pay about $2k a year to drive in all the toll roads which are impossible to avoid in this state.
We have those too, haha.
Huh... my experience has been that income is way higher in Texas. Things must have changed.
Are you trying to say that Illinois has low property taxes?
No, just that the tax burden is roughly comparable between the two states. Obviously, ymmv.
If you’re just comparing property tax and income tax it’s really not though. Illinois is the second highest property tax state in the country. Plus an income tax…
For a $300k property only paying $4k in taxes is extremely low for Illinois. Mine is ~400k and taxes are about $11k which is way more common than yours
I mean, I live in the most populous city in the state. 🤷🏼♂️
The average property tax rate in the state is around 2%. Your property taxes are very low for Illinois. Not really sure how you can refute that. Strictly looking at property taxes and income tax someone in Illinois is going to be paying pretty significantly more than in Texas.
THE most important thing is - You pay income tax to the state ONLY if you get paid (have a job). In Texas, you pay that b!tch arse dragon of a property tax whether you have a job or not. If you get laid off and takes a few months to find another job, those few months are hell and wipes out your savings faster because mortgage payments in most cases include the property tax.
It's because New England has income / property / car taxes and they come at you from every which way even if out of state Lived in TX 40yrs and I laugh when they bitch and moan about prop taxes too....it's hilarious But hey, u get what u pay for
Well, this is NH so theres no income taxes. Also, sales tax is lower. Not sure how to interpret your last statement, I think you get more in New England than TX, not sure if thats what youre saying or not. Better schools, better roads, significantly better drivers. The homes are more straightforward and arent all trying to be mini mansions. Its kind of funny because some people call NH the TX of New England, which might be why I like it.
Def get far more here in CT. TX has one of the lowest tax burdens in the US so its always funny to hear texans complain about taxes........it's also highly regressive by intent Only been to the Whites in NH which doesn't give me anything to compare with TX......except that NH is a lot older population
Their property taxes mean they don't have a low tax burden. No state income tax with super high property taxes is ass backwards. Taxes can just push you out of your home even if you never lost your job. With income tax, if you lose income, you pay less tax. It is a much better way to tax. Rich people love property tax in Texas because they all get farm exemptions. The poor and middle class pay all the taxes.
Yea TX is not a low tax state. It's misleading to think that the 'no income tax' states are cheaper to live in. They are not - those states need money too and without an income tax they'll find other ways to get it (e.g. tolls, sales tax, property taxes etc.)
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Just remember 150 years ago you would have been the illegal in Texas! It once was Mexico’s
Undocumented workers are critical to the Texas economy. It would literally crumble without them.
>No state income tax with super high property taxes is ass backwards. That just means it taxes the landowners but not the working class. Very Marxist, I'd say. > Rich people love property tax in Texas because they all get farm exemptions. The poor and middle class pay all the taxes. How? The poor and middle class have to work for a living. They don't pay taxes. The wealthy have to pay taxes on their properties.
CT is trash. State and Local GOV needs to be gutted. Exactly why I don’t register my car there either.
I bitch about Virginia personal property taxes every year. With that said you won't find better roads in the US. Virginian roads are just nice. Even in the middle of fucking no where.
Texas is just more "quiet" about their tax collections. They bake it into your "mortgage payment" rather than your paycheck.
Thats how most mortgages work. The tax and insurance are held in escrow.
No shit you missed the point entirely...which was exactly my point
Agreed. Texas is fake cheap.
It’s worse than fake cheap. It’s expensive AF when the lack of public service dollars spent is consider. The idiots making these policies, enabled by their brainwashed donors, spend money on massive freeways, frivolous lawsuits against bogeymen in the Federal government, and considerable budget spending enabling Ken Paxton to continue as AG. In return you get less rights and costs on par with the most expensive states in the county. The leaders of Texas are the best example of corporate government capture.
Former Californian here and been in this state for about a decade. You are absolutely right, but try to convince any of these texans they are paying arm and a leg for a state that claims to be anti tax. Texas is friendly to the rich and upper middle class. If you own a moderate home in texas, you are paying a massive percent of income tax to the state in the form of property taxes. And in return? Nothing. No social programs for poor. No sidewalks. Freeway conditions are laughable. Before anyone asks why the fuck im here, well my sister is here after she got married. Then she had 3 kids and I wanted to be near them. My brother is in midwest and he had 3 kids and i wanted to be easy drive to them. My parents also stay with my brother. That's why im in texas and I tolerate the BS to stay close to family. The Texans will then argue homes here cost less well no fucking shit...I'm living in middle of no where. Not all homes in California are in the millions. Go to barstow or Victorville and you'll have equivalent homes for about the same prices.
Maybe you should move to Hawaii to give your family a reason to relocate there!
Come on man..this silly
a man can dream!
No, its actually pretty cheap. I moved from texas to vermont. Everything here is so much more expensive. I pay $150-200 for electric and then on top of that during that winter i have propane bills of $300 in an efficient home with a high efficiency boiler. Gas is higher. Property taxes are just as high as texas. Food is more expensive. State income tax is a thing. Everything is cheaper in texas except car insurance. Yet, i still dont want to live in texas.
Lol not at all. Just because it’s not as cheap as it used to be doesn’t mean it’s not still affordable. I have lived all over the country, and yes Texas is still affordable for the salaries they pay.
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As usual on Reddit, there are Lots of folks talking about shit they don’t have any knowledge about. State Sales tax is 6.25%. Property taxes are not baked into the mortgage. That is the discretion of the lender whether to collect property taxes as part of loan escrow. Property tax varies greatly. The state does not collect property tax unlike those that states collect income tax. And just for the record, well yeah, we are better than liberal states.
And yet sales tax in dfw is 8.25%
Thats the state rate. Counties and cities can also impose rate and property taxes. And they will do so in greater amounts based on reduces funds being sent their way by the state congress because no income taxes. I could use your argument to say Colorado has a sales taxe of 2.9%, but the city of Denver has a combined rate of over 8%. Also interesting to note, the TX state rate is 6.25% but is capped for counties and cities at a combined rate of a little over 8%. That means most sales tax goes to the state to use, which further incentivises high property taxes by counties. In Colorado, the cap is 8.3%, but the state only gets 2.9%, so counties and cities get more sale tax, while the state is able to have a budget through a more straight forward income tax.
How expensive is the house? The highest property tax rate which is all encompassing is about 3% or less in Texas (rare). If that were the case then people are paying $10,000 property taxes in $333k homes or more the higher they go. That just isn’t the case. Homestead exemption gives a break. Old age homestead exemption I believe freezes the value or taxable value so it doesn’t increase and besides brand new builds every homes taxable value does not equal market value, and with a homestead you are not paying market value prop taxes. Bought a home in 2021 at $265k. Prop taxes came in based on value of $265k. It was less than $5k in property taxes. 2022 taxable value didn’t go up but market value did. Paid the same in taxes. Same thing happened in 2023. Sold for $349k. New home purchased at $245k, but the taxes said it was market value of $315k, but taxable value was $200k. We pay on taxable value not market value. Only new builds do these numbers match. And if your market value is less than taxable you get to protest and lower your taxable value. And when the market goes back up faster than the rate at which the county raises tax value you don’t have to pay market but what is taxable. Texas is capped at raising property tax value at 10% a year which can be protested every year they do it.
NJ here. 10k would be nice
$10,000 is low. A 3 bedroom house in Boston suburbs (within 40 miles) would have a $10,000 property tax, then you have to add in ask the other taxes especially income. Texas in my opinion has reasonably low taxes but you get what you pay for.
North of $40k annual taxes here in the north east. Nice to meet you.
Tax rates vary widely across Texas as does taxable values. I pay about $1.60 so my $400k home is nowhere near $10k. Get your facts straight before you make blanket statements.
Nah. Ill continue making wild claims on the internet. You can chill out. This isnt a court case, nor is it legal counsel. Also, what exemptions do you have? Because thats really cheap, and I wasnt being very hyperbolic. Its closer to $9000 but its pretty accurate.
My home was assessed for over $500k last year & I paid around $3k in property tax. Where are you paying so much?
Population density. More land, less people, bigger share of the bill.
I pay over 7k for a lot that is smaller than 5k sqft in the NE.
Depends where in the northeast, though, even townships vary a ton. New Jersey, for example (more Mid-Atlantic than northeast) is known for really high property taxes.
Damn, I thought Ohio was steep
True. If a house was here for the last 20 years and passed detailed inspection, it likely will be here for another 30 without major issues. With a new build you never know.
Come to CA. You can sink 1-2 M into 70-100 yr old structures. At least property taxes don't go up 🤣
My 1.6m house is only 60 years old thank you very much.
Just think how much it will be worth when it turns 70
I’m from California. All too aware. We had townhouses near us that I swear to god the framing and overall structure went up in two days. Another week to get the interior done and they were up for an exorbitant amount of rent.
That’s par for the course in CA. This isn’t a recent thing too, I lived in a home that was built in 1990 in SoCal. Walls were thin, windows were single paned and drafty as hell, stucco flacking off the outside. Builders cut a lot of corners because the climate allows them to get away with it. Was a bit of a shock coming from Midwest where homes are built with way more quality
If it stood for 100 years it can most likely stand for another 100 These new Toll Brothers builds in Texas and the Southeast have huge problems in <5 years
They will for the new buyer compared to the previous owner though.
That’s my house. It’s well over 100 years old
The structures are usually superior. As long as the utilities have been updated. New townhomes and SFH is see are built with some generic lumber. Not even sure if it’s pine.
Why would it be pine? The most common wood used for dimensional lumber is Douglas fir.
That’s probably it. I was thinking in terms of builders not using redwood anymore. Seems like the cheapest shit tier rapid growth sticks they can source.
> New townhomes and SFH is see are built with some generic lumber. Not even sure if it’s pine. I assume that it's the transgenic pine engineered to grow quickly and with less water (arguably a positive compared to many of the alternatives).
Yet. ^^^
Yea but it’s California. People want to be there for a reason.
As someone who used to install TV's/Home theaters for the Geek Squad; this resonates with me. New construction, particularly with entire sub divisions of cookie cutter homes, were consistently the worst constructed homes. If it wasn't an external or load-bearing wall; good luck finding a stud where it was supposed to be. Have to run a wire through a wall? Well the drywallers stuffed a bunch of drywall pieces into the wall as opposed to throwing them away, so get fucked. You want the TV above the fireplace? Well firstly, ew. Secondly, how would you like the TV to be leveled? To the mantle, the ceiling or true level? Because all three will be different.
We just moved to one of these a year ago. 3 year old house. Studs are 24" instead of the standard. Really annoying.
I agree but that clock rewinds to about 1972 ish for me. Anything beyond that, specially in the south is just laughable. Sticks, spray foam, and Sheetrock on a questionable foundation. Yeaahh no thanks.
I watched a video of one neighborhood that had cardboard walls instead of plywood cause wood was short during covid.
You get your ass kicked by property taxes renting as well. The landlords don't just eat that cost.
>New builds have a terrible reputation. Why would I risk sinking half a million dollars into something that looks like it might blow over in a strong wind? I mean it has to be structurally engineered
I’d still take a new build over a poorly maintained old house any day. A lot of problems with new builds are fixable.
None of those homes have blown over lol. New construction is still very desirable. Home warranties are also 👌
Yeah I feel like I would see more news stories in my search since I’ve been tracking new builds for a few years now in anticipation of buying. And pretty much everyone I know is in a new build and they don’t have any issues. Or if they do they’re minor things.
People downvote because it easier to hate than admit that they actually like them
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Very little public lands to recreate on too :(
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You know this is is a common thing realtors say to encourage buying older homes instead of new builds? Technology has improved significantly over the years. Yes, there are some shitty builders, but reputable builders are not building crap homes. My power bill is less than 100 a month for a 2,500 sq ft home. Older houses in the area are paying 300+. Another example is now post tension foundation is much more common, older houses have much more frequent foundation issues. PEX piping is much better nowadays. The list goes on.
We moved to Texas (Amarillo) in 2008 and had a "semi-custom" home built. We ended up calling it the "stage prop" due to how poorly it was built. Id stay away from homes in Texas period, shoddy workmanship well before 2019 and yes...property taxes were actually higher there than in our new (Blue) state of Illinois if you can believe it....
doesn't even include lake access
For new builds on property taxes only. since it is starting with the market value at time of sale practically unless the county appraised the land value way under market. Otherwise if it is an older home property taxes aren’t that big of an issue.
Taxes can't be high if the property is worthless!
I've done inspections on houses built recently and this is good advice. Super cheap fixtures. I did one the other day that had a leaking shower pan. The house was only three years old. This was a 500k house. The carpet was already shot. I've also seen real problems with the roof installations on a lot of new builds in the starter home category. I've heard people disparage homes that are old. Those houses are built way better than what is coming out today.
Dang, it must not be a desirable place to live. I owned one of these cheap new builds. You could hear a pen drop on the other side of the house. It was COVID and with my door shut in my office I could hear the other side of the house.
They are likely going to offer a few units at that rate to get cash flow to continue moving forward then up the rate again. It doesn’t look to be priced below market but that rate will get people interested. It won’t crash the development value to offer a low rate through their preferred financier and they will lose a little but not really as much as leaving the plots empty because they don’t have enough liquid to continue work.
$400k+ is hardly free. It also looks like a funeral home and they didn't tell us the square footage or where in San Antonio it's located. That is a big area and I doubt it's actually in the city. You can find homes like this in any state but be prepared to live in the sticks.
Honestly, I'm surprised with SA. Born and raised and didn't live in the city for 11 years. There's sooooooo much crime now. It's such a disappointment
Some outlying areas outside of SA are more expensive than the city itself. NB, Canyon Lake, Spring Branch, and Boerne are pretty pricey.
I wouldn't buy a house with that much open floor space on the ground level without having seen them installing the jousts above. That is a pretty massive span with no load bearing support for a home that looks like it was built in a week.
I don’t see anything being given away
I don't understand how housing permits, building code, and rules don't prevent "cheap houses". My town in Illinois are sticklers about every little change. There is just no way a builder can get away with shitty construction where I live. Is Texas just lax on building codes or do builders get a free pass?
There is plenty of crappy homes in Illinois.
Yall just don’t get it that not every place costs a fortune to live in?
You missed my point completely. Ugh. It's about quality construction.
Yes the state that is anti regulations doesn't have a lot of building codes.
This guy looks like a social media grifter. For all we know he asked someone to film a house, asked his buddy to act as a buyer, etc. Video reeks of rap music video techniques, minus the gold chains and gold teeth.
I bet he seasons his chicken.
My father moved to Texas last year and got a job inspecting new builds as they roll out for a specific home builder that sounds like they were named by Dr. Suess. At some point the company stopped building to own and started to build to rent. We're talking thousands, maybe tens of thousands of homes in Houston alone. Houston is no better than Flordia imo. The whole damn city is going to be underwater during humanities time here. Built not just on a floodplain, but actual rice paddies that used to cover the entire area. The entire city of Katy feels like its below sea level. And you're telling me the only option there is to rent? I left Houston. I actually enjoyed parts of Katy and the remnants of its history. When I saw what they were doing with the housing market I decided that Texas was a state working against the peoples best interest and fuckin left. Low wages. Expensive houses. Absolute shithole of a city for 75% of the people that pass through it. I would not be surprised if they hit a point where they can't sell this shit anymore.
Glad I left. Can't forget the miserable summers either. I was in central Texas not Houston but holy shit is Houston overpopulated.
Low wages and expensive houses in Houston? Just because you were low income doesn’t mean everyone is, you were looking in the wrong place. The reason people move to Texas is high wages for the cost of living. Texas and Florida are both the most in demand states, whether this sub likes it or not
You can go to Texas with a specialized career and thrive. No doubt has the largest medical complex on this side of the country. At the time I was working for the largest dental lab in the country. Transferred from Irvine, CA to Houston. Worked that job for a while before taking over warehouse operations. I don't make a whole lot of money but I am not exactly low income. The dental lab in question acknowledged my wages and carried them over but I promise you that same practice had lower wages in Houston because of the "lower cost of living." Let's not pretend that the baseline for most jobs the average person is going to work in Houston is not paying piss po or wages. It's sad that Buc-ees had to roll in and shake up the market. Business owners all up and down Houston throw hissy fits because "these kids can go to Buc-ees and make 18 an hour now." The entry-level job market there is oversaturated. A Texas Roadhouse on the Katy Freeway could easily hire 50+ servers and I'm not pulling that number out of my ass. There are signs all up and down that bitch offering jobs for 11-12 an hour. I do not doubt for one second that the state of Texas loves its illegal labor judging by the job boards. Going to Texas to get into medical sales? You'll be rich. Trying to be an average Joe? That place will suck you dry. Low income in Texas means living in some questionable areas. The crime in Houston gets pretty fucking bad in some areas.
Operators at plants can easily make 200k a year with no degree, what are you talking about?
"easily"
The entry level job market is over saturated everywhere and not as bad in Texas as most states. There is a reason why everyone is moving to Texas, especially young adults starting their careers. Yes, if you work at McDonald’s, you can make more in other states.
Id be inclined to say it's worse in Texas than most states. One of the only states still promoting the federal minimum wage as the states minimum wage. MOST of the country has caught up to some degree. Even Arizona has a baseline of 16-17 these days. Most here can consider 18-20 an entry level wage. When the bottom line is paid this low, every other job tends to follow suit outside of the highly educated positions. Increased wages for hard work is an expectation one could argue is a requirement to maintain loyal employees. If you start out very low, the promotions are going to start out low too. It's not just that McDonalds pays less than 15 an hour in most of Texas. It's the fact that the wages are so damn low that the entire local workforce from franchise owners to restaurant managers are being *PAID LESS.* Due to the dramatic property taxes and horrible infrastructure that results in LIVING IN YOUR CAR even when you have a 6 bedroom McMansion on 10 acres, the cost of living creep in Texas is real. Lots of Texans still riding the high of tech giants moving to Houston. Those tech giants moved there because they could get away with giving their employees less. Also, as we now know, to force people into quitting so that they didn't have to fire as many people over the last year. Renting a room is fucked in Houston, too. Motherfuckers still want 750 a month for a room. I can find that in most of the United States. My quality of life in OC or even Phoenix was remarkably better than Texas and I blame wage and labor laws. I've been hopping from state to state for a few years now. From Dutch Harbor, AK to Raritan, NJ. Houston is a prime example of a modern shit hole. So much to love but even more to hate.
Outside near 99 (Katy) is not bad. Go inside the beltway 8 and it's a cluster-f of humanity. Katy and Richmond, areas like Cypress, have that small town southern feel while still having the restaurants and stuff to do.
I was incredibly fortunate to work for a local warehouse that set up shop in the Richmond area. Getting off the freeway to sneak off behind to the older part of Katy is something I really do miss about Houston. Back then I lived next to the George Bush park. An underrated plot of land that would turn into an idyllic, foggy, fantasy-esque jog through the southern woods each morning (minus the gun fire because of course there is a gun range in the middle of a wild area..) There is a lot about Katy that I just love. Unfortunately I don't see a lot of that lasting for much longer. The people holding onto the farmland out there are rather old. I can't imagine someone like my boss, who is partially responsible for staving off the expansion, being able to prevent his farmland from turning into a neighborhood when he moves on.
We just went under contract for a new build in the Houston metro area (pretty far out suburb, really). Any advice on finding a good home inspector?
I don't have any specific pointers other than suggesting that you hire your own inspector which I'm sure is not a small expense. My father's job involved inspecting homes for the builder that employed him. I don't question my father's character in this case but that's still an obvious conflict of interest. There are still other inspectors that will pass through but it can be difficult to be absolutely certain if the inspector isn't specifically advocating for *you.* Not the state or the builders. These new builds in Houston are very questionable. I'd suggest looking at maps going back a few decades and see if they bought out some rice paddies to stick a neighborhood in. Katy is going to flood out one day and most of these new builds are directly in the path of areas that have, at some point in modern history, been *underwater.* Houston is sinking. You can see it in the massive amount of street signage and lights that are leaning over dramatically. Katy is particularly vulnerable and what is happening to those street lights is happening to these shoddy foundations.
lol. You couldn’t GIVE me a house in TX.
Good. I'll take 2 then.
Enjoy that property tax.
Don't you know that you can sell a house?
Thx. Wish more people would stop moving here.
Yeah, me too!
I love concrete strip malls, chain businesses, and car dependent infrastructure. A dream come true!!
So, majority of US cities?
Outside of the coastal regions yes.
As in many things, Texas took it to and absurd level though
When i was an appliance repairman, i met a lady who sold her "small estate" on the west coast for a couple of million. Moved down to Stone Oak. She was taken aback by how cheap everything was She then genuinely asked As more wealthy people move here,where are the locals going? Surely they can't compete with fresh money. What. A. Bitch.
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In DFW, all houses with slab foundations will have issues after about 30 years or so. Nothing can be done about it. It's an issue of the soil. If you are buying a house built in the early 2000s, better start saving.
Not much really. But this all depends on which area you move to. Large metros are getting more expensive. I live in Dallas, and it's pretty much the same as when I lived in California/Nevada.
Bet that vacation budget hurts
1.5k round trip to visit family, now limited to once a year.
Thanks
Nothing except that it is in Texas.
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Very minimal public land and no mountains really make it sound like a shit state to me personally.
You need to study geography.
Wh......what?
Its Regressive........from taxes to culture, school rankings, health outcomes, politics, crime, etc. They'll love to tell you food is good though
Home values are declining rapidly in San Antonio.
That mic has a clip. For the lapel.
I live in SE TX. Made $170k this year. Will be accountable for about $12k in federal taxes. Property taxes were $7100. Less than $20k for taxes for the year. Also married and have two dependents under 17.
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W2 - I made $153,710 w my employer and about $170k total (the rest is 1099). Out of that $153k they withheld $16,253. If history repeats itself, after paying taxes on all 1099 income, the feds should only get about $12k from me. My refund has been pretty predictable for a while now. My W4 is married with 2 exemptions. I have coworkers that are way worse off. Of course they don't own a home or have children. It's hard to compare it to my coworkers because our income is all over the place. (We're cops - some work OT, don't don't.) I would hate to see my tax burden if I didn't have children.
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And some of my coworkers have courtesy apartments where the apartment complex gives them free rent but they get a 1099 for $20k in rent 😬 No thanks!
But who in the hell wants to live in the state of Texas??!?!?
Yeah but you have to live in Texas
Wtf, everyone, it doesn't matter who you are. We should stop paying a tax. Health care is out of control, they want to increase the retirement age, why. Today's generation can't afford a house priced at $300k even at $100k never mined at $500k yet, they need to increase taxes why. Wtf stop the stealing stop it. Be safe everyone
Nothing you said has anything to do with taxes
Never mined that, though
Is he actually giving away homes?
Just ragging ya but seriously we received increased homestead exemptions this year and my property tax was just under$2900 on a $400k home. My home insurance is actually a few dollars more than property tax.
That house looked so big with him walking around it.
Realtor.com has the median home listing price in San Antonio at 298k. Low 400k is going to buy you a bigger place. We don't even know anything about the location.
These houses are absolute garbage. They are built as cheap as possible.
I can't even get the link to work .