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    jt1135

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    Any of you guys checked this out?

    Post  jt1135 on Thu Dec 27, 2012 3:57 pm

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    Mongrel

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    Re: Any of you guys checked this out?

    Post  Mongrel on Thu Dec 27, 2012 4:17 pm

    My wife has relatives in Katonah, New York. Very nice folks. And most of them up there are very nice and very liberal and very rich. I did a little study several years ago when I found that several New York counties have their real property tax assessment data online. It floored me how much they pay in property taxes. For what we have in suburban Maryland-- an early '60's modest split level-- those folks up north would pay four to six times the annual tax burden. Like $10,000 to $15,000 versus our $2,400. If I had to live up there and pay that much, I might want to go shoot somebody.
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    FamousDavis
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    Re: Any of you guys checked this out?

    Post  FamousDavis on Thu Dec 27, 2012 4:33 pm

    Mostly German wrote:My wife has relatives in Katonah, New York. Very nice folks. And most of them up there are very nice and very liberal and very rich. I did a little study several years ago when I found that several New York counties have their real property tax assessment data online. It floored me how much they pay in property taxes. For what we have in suburban Maryland-- an early '60's modest split level-- those folks up north would pay four to six times the annual tax burden. Like $10,000 to $15,000 versus our $2,400. If I had to live up there and pay that much, I might want to go shoot somebody.

    That's why I always laugh when people tell me that Texas has no income tax. So what? The property tax in Texas is 3 times higher than it is in California. In CA, we pay about 1.1% of our home's value in property tax. In Dallas, Texas, depending on the country, property tax can be as high as 3.5%. Think about that. If you own a $700,000 home you are paying $24,500 annually.
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    Mongrel

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    Re: Any of you guys checked this out?

    Post  Mongrel on Thu Dec 27, 2012 4:50 pm

    FamousDavis wrote:
    Mostly German wrote:My wife has relatives in Katonah, New York. Very nice folks. And most of them up there are very nice and very liberal and very rich. I did a little study several years ago when I found that several New York counties have their real property tax assessment data online. It floored me how much they pay in property taxes. For what we have in suburban Maryland-- an early '60's modest split level-- those folks up north would pay four to six times the annual tax burden. Like $10,000 to $15,000 versus our $2,400. If I had to live up there and pay that much, I might want to go shoot somebody.

    That's why I always laugh when people tell me that Texas has no income tax. So what? The property tax in Texas is 3 times higher than it is in California. In CA, we pay about 1.1% of our home's value in property tax. In Dallas, Texas, depending on the country, property tax can be as high as 3.5%. Think about that. If you own a $700,000 home you are paying $24,500 annually.

    But that $700,000 home in Texas would probably be an average middle-brackets dwelling in Californai that could be yours for only $1,695,000. And, Mr. & Mrs. Kozlowski, you know that all that property tax bill is deductable.
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    FamousDavis
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    Re: Any of you guys checked this out?

    Post  FamousDavis on Thu Dec 27, 2012 5:03 pm

    Mostly German wrote:
    FamousDavis wrote:
    Mostly German wrote:My wife has relatives in Katonah, New York. Very nice folks. And most of them up there are very nice and very liberal and very rich. I did a little study several years ago when I found that several New York counties have their real property tax assessment data online. It floored me how much they pay in property taxes. For what we have in suburban Maryland-- an early '60's modest split level-- those folks up north would pay four to six times the annual tax burden. Like $10,000 to $15,000 versus our $2,400. If I had to live up there and pay that much, I might want to go shoot somebody.

    That's why I always laugh when people tell me that Texas has no income tax. So what? The property tax in Texas is 3 times higher than it is in California. In CA, we pay about 1.1% of our home's value in property tax. In Dallas, Texas, depending on the country, property tax can be as high as 3.5%. Think about that. If you own a $700,000 home you are paying $24,500 annually.

    But that $700,000 home in Texas would probably be an average middle-brackets dwelling in Californai that could be yours for only $1,695,000. And, Mr. & Mrs. Kozlowski, you know that all that property tax bill is deductable.

    You can't really compare things like that. True, most homes in Texas are bigger than those in California. However, I've visited areas in Dallas like Preston Hollow, Highland Park and Lakewood that are every bit as expensive as homes in California and certainly no bigger.

    Housing is a very difficult thing to compare. You can't really compare a house in Dallas to, say, a house in San Diego because there are so many different variables that go into making an area a nice place to live. I've lived in both places. San Diego is hands down better in terms of scenery, weather, things to do and traffic. Dallas is much better in terms of housing size, yard size and community. There really is no apples to apples comparison.
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    Mongrel

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    Re: Any of you guys checked this out?

    Post  Mongrel on Thu Dec 27, 2012 5:16 pm

    FamousDavis wrote:
    Mostly German wrote:
    FamousDavis wrote:
    Mostly German wrote:My wife has relatives in Katonah, New York. Very nice folks. And most of them up there are very nice and very liberal and very rich. I did a little study several years ago when I found that several New York counties have their real property tax assessment data online. It floored me how much they pay in property taxes. For what we have in suburban Maryland-- an early '60's modest split level-- those folks up north would pay four to six times the annual tax burden. Like $10,000 to $15,000 versus our $2,400. If I had to live up there and pay that much, I might want to go shoot somebody.

    That's why I always laugh when people tell me that Texas has no income tax. So what? The property tax in Texas is 3 times higher than it is in California. In CA, we pay about 1.1% of our home's value in property tax. In Dallas, Texas, depending on the country, property tax can be as high as 3.5%. Think about that. If you own a $700,000 home you are paying $24,500 annually.

    I know. I was just pulling a chain. Of all the places I've lived and visited, San Diego has the best weather I've ever experienced on a year-round basis.
    But that $700,000 home in Texas would probably be an average middle-brackets dwelling in Californai that could be yours for only $1,695,000. And, Mr. & Mrs. Kozlowski, you know that all that property tax bill is deductable.

    You can't really compare things like that. True, most homes in Texas are bigger than those in California. However, I've visited areas in Dallas like Preston Hollow, Highland Park and Lakewood that are every bit as expensive as homes in California and certainly no bigger.

    Housing is a very difficult thing to compare. You can't really compare a house in Dallas to, say, a house in San Diego because there are so many different variables that go into making an area a nice place to live. I've lived in both places. San Diego is hands down better in terms of scenery, weather, things to do and traffic. Dallas is much better in terms of housing size, yard size and community. There really is no apples to apples comparison.
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    Pky6471

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    Re: Any of you guys checked this out?

    Post  Pky6471 on Mon Dec 31, 2012 12:21 pm

    FamousDavis wrote:
    Housing is a very difficult thing to compare. You can't really compare a house in Dallas to, say, a house in San Diego because there are so many different variables that go into making an area a nice place to live. I've lived in both places. San Diego is hands down better in terms of scenery, weather, things to do and traffic. Dallas is much better in terms of housing size, yard size and community. There really is no apples to apples comparison.

    Personally, I would take San Diego over Dallas anytime. Sure housing in Dallas is much cheaper, probably 2X-3X lower compared to SD, but property taxes in Dallas (Texas in general) is very high. My Bro-in-law lives in Clear Lakes south of Houston TX whose house is probably $600K and he's paying $18K a yr on property tax... Ouch!!! Housing in TX does not appreciate like other parts of USA and yet at the same time it does not crash either... Now is the great time to buy a home in SD, even so, $500K does not buy you much in SD, maybe a decent condo outside of SD... My close friend lives in Poway , 4-bedroom with a swimming pool in the backyard on top of a hill, I bet it still costs > $1.2 MM even now
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    Mongrel

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    Re: Any of you guys checked this out?

    Post  Mongrel on Mon Dec 31, 2012 12:56 pm

    Pky6471 wrote:
    FamousDavis wrote:
    Housing is a very difficult thing to compare. You can't really compare a house in Dallas to, say, a house in San Diego because there are so many different variables that go into making an area a nice place to live. I've lived in both places. San Diego is hands down better in terms of scenery, weather, things to do and traffic. Dallas is much better in terms of housing size, yard size and community. There really is no apples to apples comparison.

    Personally, I would take San Diego over Dallas anytime. Sure housing in Dallas is much cheaper, probably 2X-3X lower compared to SD, but property taxes in Dallas (Texas in general) is very high. My Bro-in-law lives in Clear Lakes south of Houston TX whose house is probably $600K and he's paying $18K a yr on property tax... Ouch!!! Housing in TX does not appreciate like other parts of USA and yet at the same time it does not crash either... Now is the great time to buy a home in SD, even so, $500K does not buy you much in SD, maybe a decent condo outside of SD... My close friend lives in Poway , 4-bedroom with a swimming pool in the backyard on top of a hill, I bet it still costs > $1.2 MM even now

    I first set foot in San Diego in the winter of 1967. A year or so later a superior officer told me that buying houses in the San Diego suburbs would be a good investment. Back then, you could get a very nice three bedroom rancher in a good location like Point Loma or Ocean Beach for under $30,000. I should have tried to sell my father on the idea at that time because he could have bought a bunch of them. About five years later, two of my San Diego friends had a contract to purchase a three bedroom rancher in Pacific Beach. Their contract was for $90,000. In the 120 days from when their contract was accepted to when they closed on the deal, the market value had increased to $135,000 and I think they flipped it instead of ever renting it out.
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    FamousDavis
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    Re: Any of you guys checked this out?

    Post  FamousDavis on Mon Dec 31, 2012 12:56 pm

    Pky6471 wrote:
    FamousDavis wrote:
    Housing is a very difficult thing to compare. You can't really compare a house in Dallas to, say, a house in San Diego because there are so many different variables that go into making an area a nice place to live. I've lived in both places. San Diego is hands down better in terms of scenery, weather, things to do and traffic. Dallas is much better in terms of housing size, yard size and community. There really is no apples to apples comparison.

    Personally, I would take San Diego over Dallas anytime. Sure housing in Dallas is much cheaper, probably 2X-3X lower compared to SD, but property taxes in Dallas (Texas in general) is very high. My Bro-in-law lives in Clear Lakes south of Houston TX whose house is probably $600K and he's paying $18K a yr on property tax... Ouch!!! Housing in TX does not appreciate like other parts of USA and yet at the same time it does not crash either... Now is the great time to buy a home in SD, even so, $500K does not buy you much in SD, maybe a decent condo outside of SD... My close friend lives in Poway , 4-bedroom with a swimming pool in the backyard on top of a hill, I bet it still costs > $1.2 MM even now

    San Diego is one of those cities where you can't say "this is what a typical house would cost". It's all over the map. There are poor areas where I'm sure you can get a home for $200K. Then, there are nice cities like Poway where the range is from $200K to $6 million.

    Some of the nice areas in Dallas are extremely expensive. But, you are right in that you could move to some place like Richardson, Plano or many other areas and buy a nice home for $300K.

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