alt Hacker NewsTexas' high property taxes play an important role. Owners are incentivized to permit new development to satisfy demand and keep their taxes low.
Texas' high property taxes play an important role. Owners are incentivized to permit new development to satisfy demand and keep their taxes low.
People see lower property taxes as a silver lining for short-term swings in the market, but I don't know anybody who thinks this is a short-term swing that they can ride out.
Nobody is happy about their property values going down long term. It exposes them to the risk of a big loss if they're forced to sell because of events in their life.