Its crazy to hear all this "taxed out of your homes" stuff. Our tax rate I believe is 2.48 percent. If your house goes up 100K which would be a lot that's a little over 200 dollars a month more. If an extra 50 dollars a week breaks you you may want to rethink owning a house. I will gladly take an increase in taxes which are STILL 30+ percent under market value and continue to have incredible equity in my investment.

As far as renting goes my tenants on one of our rental homes are about to move out and I am thrilled. I was getting 1950 and will have people lined up at 2500. You know how much taxes would have to increase on that property to negatively impact my net cash flow at and extra 550 a month? Ill let you do the math. Another one of our rentals when it comes due will go from getting 2150 a month to 2650. It all works out for the investor in the end if you are willing to charge close to market rate.

Maybe an extra 50 a week and prob 15 a week in insurance year after year isn’t a big deal to you but it damn sure is for a public servant. Crazy thing is we are 30 miles from Austin living in what was an open farm field 20 years ago and we have seen the same tax increases.

Definitely a db thing to say.. You seem out of touch with the normal day to day blue collar folks, you know the actual middle class and not the yahoos the politicians are always referencing

Oh let's be real transparent on that. It's not that your house has increased in value, it's that your money is worth less.


FJB

Its crazy to hear all this "taxed out of your homes" stuff. Our tax rate I believe is 2.48 percent. If your house goes up 100K which would be a lot that's a little over 200 dollars a month more. If an extra 50 dollars a week breaks you you may want to rethink owning a house. I will gladly take an increase in taxes which are STILL 30+ percent under market value and continue to have incredible equity in my investment.

As far as renting goes my tenants on one of our rental homes are about to move out and I am thrilled. I was getting 1950 and will have people lined up at 2500. You know how much taxes would have to increase on that property to negatively impact my net cash flow at and extra 550 a month? Ill let you do the math. Another one of our rentals when it comes due will go from getting 2150 a month to 2650. It all works out for the investor in the end if you are willing to charge close to market rate.

You're not wrong about Lee. My appraisal on my property DOUBLED this year! I have a rent property near the Domain that is going from $328,000 to [b][/b][i][/i][u][/u]$527,000!! Yet it rents for $2200/month. So for a paid off property that rents for $2200, I'm paying $1250 in property tax, and now the insurance company will want me to double the insured rate, so another $150 down the tubes. For a $500,000 investment my net, if there are no repairs (you guys own a boat...same [censored] for houses...break out another $1000), I will net around $10,800, for a net return of .0216% a year.

a lot on PK Lake
with a trailer
goes for $400K