Real Estate qiestion

[eaglesfan371]

Friend lives on border of two states, noticed a large price difference. Told him it’s likely higher property taxes in the lower cost state. It was.

My question is this, the property tax is a sunk cost. Do property taxes work in a similar manner as tariffs, where some GDP is lost overall and future growth is impacted?

Ignoring external factors such as crime, community improvement etc, should both states’ real estate appreciate in value roughly the same? Or will the higher taxed state have slower growth?

[MinnesotaFats]

So property taxes are set by the States mill rate and directly fund the local schools and public services. They are a County, not State issue.

Many States offer a homestead property tax refund as well, and your federal SALT limits offset this tax anyway, so it's not a cost really in the end.

Generally speaking the higher taxed area will have better schools and services, more policing, etc

The lower taxed area is most likely larger parcels, less luxuries like sidewalks or medians, etc

As to which will go up in value faster?

The one with less black neighbors.

[cincinnatikid513]

ever heard of google

[eaglesfan371]

So property taxes are set by the States mill rate and directly fund the local schools and public services. They are a County, not State issue.

Many States offer a homestead property tax refund as well, and your federal SALT limits offset this tax anyway, so it's not a cost really in the end.

Generally speaking the higher taxed area will have better schools and services, more policing, etc

The lower taxed area is most likely larger parcels, less luxuries like sidewalks or medians, etc

As to which will go up in value faster?

The one with less black neighbors.

Gentrification could make these locations the best return. Highest risk tough.

[MinnesotaFats]

Unless you're speculating in undeveloped tracts of land try to avoid risk in RE.

There's no exemptions to offset a loss when you dump your home....

[BrickJames]

So property taxes are set by the States mill rate and directly fund the local schools and public services. They are a County, not State issue.

Many States offer a homestead property tax refund as well, and your federal SALT limits offset this tax anyway, so it's not a cost really in the end.

Generally speaking the higher taxed area will have better schools and services, more policing, etc

The lower taxed area is most likely larger parcels, less luxuries like sidewalks or medians, etc

As to which will go up in value faster?

The one with less black neighbors.

This couldn't be more true. Nothing will decrease property values faster than blacks.

[BrickJames]

Gentrification could make these locations the best return. Highest risk tough.

If you live through the gentrification process, in the black neighborhood in my city carpenters and plumbers trying to fix up run-down shithole houses catch stray bullets a couple times a year, not to mention getting their tools stolen and vehicles broken into regularly.

Just stay as far away from those neighborhoods as you can and you'll be alright

[Big Bear]

ever heard of google

why are you so unhappy?

[eaglesfan371]

why are you so unhappy?

Because he loses so much. Even worse, uses bookies who won't pay him when he wins.

[Sanity Check]

Ignoring external factors such as crime, community improvement etc, should both states’ real estate appreciate in value roughly the same? Or will the higher taxed state have slower growth?

Higher taxes are correlated with reduced growth.

IMO.


Wealthy states like new york and california experiencing negative growth due to the oppressiveness of their high taxation and high regulation policy. Prime example.

[hehfest]

if you live through the gentrification process, in the black neighborhood in my city carpenters and plumbers trying to fix up run-down shithole houses catch stray bullets a couple times a year, not to mention getting their tools stolen and vehicles broken into regularly.

Just stay as far away from those neighborhoods as you can and you'll be alright

lmfao

[dustyy]

lmfao

wtf is so funny? You realize that your avatar is that of one of the most evil people to ever walk the face of the earth.

If I were you I would remove it before someone removes it for you. wtf is wrong with you?

[eaglesfan371]

Higher taxes are correlated with reduced growth.

IMO.


Wealthy states like new york and california experiencing negative growth due to the oppressiveness of their high taxation and high regulation policy. Prime example.

Thanks, thought so. It’s funny, the most liberal (help the poor, give to everyone) states also have the highest unemployment >10%. The lowest unemployment is found in the most conservative, Texas.

[mikejamm]

How about you learn to spell dip shit? Qiestion? Ever heard of spell check dumb fuk?
The only real estate you’ll ever have to worry about is which side of the street you’re slob nobb’in blow jobs from. Gentrification for you means you’ll suk any dick that is put in your mouth!

[hehfest]

wtf is so funny? You realize that your avatar is that of one of the most evil people to ever walk the face of the earth.

If i were you i would remove it before someone removes it for you. Wtf is wrong with you?

foomclmao

[habitualwinning]

wtf is so funny? You realize that your avatar is that of one of the most evil people to ever walk the face of the earth.

If I were you I would remove it before someone removes it for you. wtf is wrong with you?

Wtf is wrong with you, bud? You're over here getting offended by something that happened almost a century ago. Does everything throughout history offend you or are you just a snowflake about postmodern wars?

You might not realize this but there are countries in Africa where people still get stoned to death and have their heads chopped off for petty crimes or simply being the "wrong" religion. And you're over here talking shit about something that happened 80 years ago, lol.

You know what fuckkin offends me? The fact that black men ~7% of America's population, commit more than 50% of all murders in America. We're not talkin about shit that happened decades ago we're talking about present day. Talk about savage shit. Like gd wild animals on crack or some shit and this mfer is worried about something that happened a century ago, lmfao.

The original statement you quoted is absolutely true. People trying to gentrify areas in places like Chicago, St. Louis, East St. Louis, Baltimore, New Orleans etc. do get shot and do have their tools jacked and buildings broken into. I'll let you figure out what race the perpetrators are dumbfukk. I'll give you a hint. It's the same one that commit more than half of all murders in America despite being a tiny percentage of the overal populous.

[dustyy]

Wtf is wrong with you, bud? You're over here getting offended by something that happened almost a century ago. Does everything throughout history offend you or are you just a snowflake about postmodern wars?

You might not realize this but there are countries in Africa where people still get stoned to death and have their heads chopped off for petty crimes or simply being the "wrong" religion. And you're over here talking shit about something that happened 80 years ago, lol.

You know what fuckkin offends me? The fact that black men ~7% of America's population, commit more than 50% of all murders in America. We're not talkin about shit that happened decades ago we're talking about present day. Talk about savage shit. Like gd wild animals on crack or some shit and this mfer is worried about something that happened a century ago, lmfao.

The original statement you quoted is absolutely true. People trying to gentrify areas in places like Chicago, St. Louis, East St. Louis, Baltimore, New Orleans etc. do get shot and do have their tools jacked and buildings broken into. I'll let you figure out what race the perpetrators are dumbfukk. I'll give you a hint. It's the same one that commit more than half of all murders in America despite being a tiny percentage of the overal populous.

Mind your own business you ignorant, racist slob. Do your damn homework before you jump into other people's threads. His avatar is a picture of one of the main architects of Hitler's death camps. We're not talking about the confederate flag here, we are talking about a someone responsible for millions of deaths. If you don't have a problem with this fact than you are more ignorant than your post indicates

So life has fukked you, deal with it and quit bitching about shit that you can't change or control. Lastly, read a book and quit spewing your frustration and hate. Most importantly mind your own fukking business.

https://en.wikipedia.org/wiki/Reinhard_Heydrich

[hehfest]

Mind your own business you ignorant, racist slob. Do your damn homework before you jump into other people's threads. His avatar is a picture of one of the main architects of Hitler's death camps. We're not talking about the confederate flag here, we are talking about a someone responsible for millions of deaths. If you don't have a problem with this fact than you are more ignorant than your post indicates

So life has fukked you, deal with it and quit bitching about shit that you can't change or control. Lastly, read a book and quit spewing your frustration and hate. Most importantly mind your own fukking business.

https://en.wikipedia.org/wiki/Reinhard_Heydrich

LMAO

[PittsburghPlayer]

from what I read, this fukker is smart as fukk, buy him a beer
roll and smoke a doob w/ him - PUFF

fukker is smart
just sayin`

Wtf is wrong with you, bud? You're over here getting offended by something that happened almost a century ago. Does everything throughout history offend you or are you just a snowflake about postmodern wars?

You might not realize this but there are countries in Africa where people still get stoned to death and have their heads chopped off for petty crimes or simply being the "wrong" religion. And you're over here talking shit about something that happened 80 years ago, lol.

You know what fuckkin offends me? The fact that black men ~7% of America's population, commit more than 50% of all murders in America. We're not talkin about shit that happened decades ago we're talking about present day. Talk about savage shit. Like gd wild animals on crack or some shit and this mfer is worried about something that happened a century ago, lmfao.

The original statement you quoted is absolutely true. People trying to gentrify areas in places like Chicago, St. Louis, East St. Louis, Baltimore, New Orleans etc. do get shot and do have their tools jacked and buildings broken into. I'll let you figure out what race the perpetrators are dumbfukk. I'll give you a hint. It's the same one that commit more than half of all murders in America despite being a tiny percentage of the overal populous.

[grease lightnin]

Home prices appear to be largely driven by the quality of school districts in the type of situations you are referring to, OP.

[mrpapageorgio]

Home prices appear to be largely driven by the quality of school districts in the type of situations you are referring to, OP.

Bingo! #1 Location of RE, #2 Quality of School District

Even if the parents have to lay out high property taxes, the housing price usually isn't adversely affected if it means not having to lay out additional money for private school tuition since the local school district is so good.

Chicago is a prime example of this with a lot of the bordering suburbs. I can pay $250k for a house with $3000 in property taxes on one side of the street, and $400k for a similar house on the other side of the street despite the property taxes being $5k/year. Why? You're sending your kid to CPS living in the $250k house (or laying out thousands to send them to private school) where the $400k house has your kid going to a top district in the state.

[hehfest]

wtf is so funny? You realize that your avatar is that of one of the most evil people to ever walk the face of the earth.

If I were you I would remove it before someone removes it for you. wtf is wrong with you?

Look at the bright side.....you are alive. If you were around with Heydrich, then he would've considered you an undesireable and put you to death. I won't speak for HabitualWinning and what he would do with you if he were a Reich officer in that day...

Still LMFAO a day later....you helped me laugh myself to sleep last night. I'm not kidding.

[habitualwinning]

Mind your own business you ignorant, racist slob. Do your damn homework before you jump into other people's threads. His avatar is a picture of one of the main architects of Hitler's death camps. We're not talking about the confederate flag here, we are talking about a someone responsible for millions of deaths. If you don't have a problem with this fact than you are more ignorant than your post indicates

So life has fukked you, deal with it and quit bitching about shit that you can't change or control. Lastly, read a book and quit spewing your frustration and hate. Most importantly mind your own fukking business.

https://en.wikipedia.org/wiki/Reinhard_Heydrich

Do you get offended by Mao, Stalin, Khan also? Cause you seem to always take exception to anything that harms blacks or jews but never any other race. Do you seriously think that whites, asians and indigenous peoples weren't treated to the same hardships and death throughout history that blacks and jews were?

You are in fact the racist pos. I was simply pointing out facts. I knew gd well who the man in the avatar is. You like to skirt statistics and facts in favor of bias and prejudice. I choose to step back and look at the big picture without blinders on.

I don't get offended by the violence of the past. Nothing can be done to change it. I like to point out the errors of the present day. There's still hope for today however infinitesimal it may be.

I doubt you would've done anything about the nazis had you been alive in the 40s anyway. You aren't doing anything to stop violence today. You can run your mouth all you want. Have at it, idc. Hurl insults and curses at me all night. Facts are facts. Truth hurts!

[habitualwinning]

To address the property tax school issue it's really irrelevant. Public schools are a fools game. You learn nothing of value or pertinent to high octane success in public schools these days.

Our public schools are a spin off of the Prussian schooling system. Do yourself and your kids a big favor and send them to a good private school or homeschool them. Knowledge is a powerful tool and kids don't learn much of anything relevant today in school.

Teach them about their rights. Teach them how to start a business or be a great leader. Teach them about their connection to the earth and nature and the consequences of their actions. Let them explore their interests and talents; art, music, athletics. Teach them how to leave the world better than they found it. Trust me, they won't learn anything of that in public school.

[gojetsgomoxies]

if nothing much changes, the price ratio should probably stay the same.

so hypothetical, kc missouri houses are 90% the price of kc kansas houses and they both go up 20% the ratio will be the same.

i've always wondered about oregon having no sales tax, washington having sales tax. why shop in vancouver, washington? (note there is a vancouver washington and a vancouver canada)... you can't beat sales tax on something like a car out-of-state. washington just charges you some sort of supplement when you register the car.

in vancouver, canada......... there is a massive price difference over the border. of course, the canadian side is a big, popular city. the USA side is small towns, too far from seattle for commuters.

[BrickJames]

Bottom line is, as minnyfats said earlier, is that the house with less black neighbors will be worth more, appreciate faster and have higher taxes and better schools and a better quality of life.

The house with more black neighbors will be worth less appreciate slower and have lower property taxes. Worse schools and a poor quality of life.

Simple

[BrickJames]

Before you buy a piece of property it would probably be a good idea to look up the demographics of that area.

[hehfest]

City living is for suckers. I currently live in one (renting) and want out (lol). Previously, lived in the country (rural). No water bill (septic tank)/water softener). Very very low property taxes. Lots of paved roads too that didn't have potholes everywhere. I was roughly 20 minutes from a grocery store and any other store though. 20 minutes from my work in the city. Just picked up things after/during work while in city.

[BrickJames]

City living is for suckers. I currently live in one (renting) and want out (lol). Previously, lived in the country (rural). No water bill (septic tank)/water softener). Very very low property taxes. Lots of paved roads too that didn't have potholes everywhere. I was roughly 20 minutes from a grocery store and any other store though. 20 minutes from my work in the city. Just picked up things after/during work while in city.

It's either the city or the country for me, the suburbs are the biggest scam developers ever sold the public. Suburbs are like a futon they have none of the freedoms of the country and none of the amenities of the city.

It really is all or none live smack dab in the middle of the city or live smack dab in the middle of the country.

[hehfest]

Do you get offended by Mao, Stalin, Khan also? Cause you seem to always take exception to anything that harms blacks or jews but never any other race. Do you seriously think that whites, asians and indigenous peoples weren't treated to the same hardships and death throughout history that blacks and jews were?

You are in fact the racist pos. I was simply pointing out facts. I knew gd well who the man in the avatar is. You like to skirt statistics and facts in favor of bias and prejudice. I choose to step back and look at the big picture without blinders on.

I don't get offended by the violence of the past. Nothing can be done to change it. I like to point out the errors of the present day. There's still hope for today however infinitesimal it may be.

I doubt you would've done anything about the nazis had you been alive in the 40s anyway. You aren't doing anything to stop violence today. You can run your mouth all you want. Have at it, idc. Hurl insults and curses at me all night. Facts are facts. Truth hurts!

See Moses Hess. https://en.wikipedia.org/wiki/Moses_Hess
With Karl Marx had a falling out. Lenin was jewish (overthrew the Czar in Russia)

I'm not even in here saying anything against jewish people as a whole. I don't bag on them, and haven't said anything derogatory. Just state some opinions and facts. If anything, they are very smart people and some of them SHOULD be admired. ADD: Some of them should not (Epstein, Weinstein, Weiner, etc.) They work together. They marry within their own race. They start businesses together by pooling their resources and do very well.

ADD: They own/operate nearly all banks. Own nearly all sports teams too. They go to law school and study while white guys watch black guys run around in leotards. Every lawyer on TV in my area is a jewish guy/firm.
Personally, I consider they realize white people are the only thing standing in their way from them being a master race (if they aren't already)......well they used to worry about them.

Israel makes non-jews travel on different roads. Did you know that? Ha. That's not racist? They don't have multiculturalism there. They don't have bi-racial children. Who is racist?

Stalin and Mao each murdered 10 times at least more people than Hitler did. Yet, all we ever hear about is the demonization of Hitler and the Nazis. Hmmmm.....why is that? Mao and Stalin are communist. Historically, jews are at the top of these communist regimes or behind the movement. Bernie Sanders is a jewish communist. Watch out if he actually wins. He won't be paying off your college loans morons, that's just to get elected. You have no idea what communism will be like any of you Bernie supporters. ADD: I think Hitler was really trying to stop communism ultimately, but he was against the idea of the what is now the "Fed Reserve" financial system which he was fighting against as well.

[mrpapageorgio]

Before you buy a piece of property it would probably be a good idea to look up the demographics of that area.

One of the neighborhoods by me was notorious years ago for having the old school residents, when selling their homes, take a discount on the selling price based on the last names of the potential bidders.

[BrickJames]

One of the neighborhoods by me was notorious years ago for having the old school residents, when selling their homes, take a discount on the selling price based on the last names of the potential bidders.

Back when people cared about community and standards of living.

Now the idiots in the rich neighborhoods have black lives matter signs in their front yard. If they mattered so much why don't they take a few in? They got this huge house in the rich neighborhood and there's only two of them living there with a black lives matter sign in the front yard.

They should let a black family move into their basement if they feel that way

[eaglesfan371]

Home prices appear to be largely driven by the quality of school districts in the type of situations you are referring to, OP.

Interesting...now I understand why teachers seemed to fluff their grades given out.

Now I understand why school districts are found to cheat.

[PittsburghPlayer]

HEH and Habitual for current events/political posters of the month
great work/thoughts/minds

someone buy those men a bunch of beers while I go roll a fat one

thnx

[BrickJames]

HEH and Habitual for current events/political posters of the month
great work/thoughts/minds

someone buy those men a bunch of beers while I go roll a fat one

thnx

Lol? What?