[quote=The-Shoveler][quote=flu]Texas actually has a decent high tech community, especially around Dallas….
And Gov. Perry keeps throwing bones at California businesses to relocate there too…. I think there were a few companies in SD that just relocated to Texas….And gotta love the no state income tax…[/quote]
TX makes up for no income tax in property Tax,
Probably works out well if you have CXX in your job title though.
I know a colleagues who pays 16K a year in the Dallas area on her 300K home.
In the better areas home prices typically exceed 500K in Dallas and Austin near the High tech job centers.[/quote]
I agree that property taxes are prohibitively high in TX considering the property values there.
However, I disagree that a buyer needs to pay $500K to get a house in a “better” area in TX. In every larger city there, one can buy a perfectly acceptable ~2400 sf brick ranch with 2/3 car garage on a 1/4+ AC lot in a “better” area for $275K to $325K. Sure, if you want 3600+ sf with massive tray ceilings, a MBR fireplace and “luxury” bath, a swimming pool and a 1/2+ AC lot located in a gated community, you might pay between $425K and $550K.
A ~$500K home in TX is a large “luxury” home with nearby amenities such as a community lake, tennis, HOA, etc. A similar home would cost $1.2M ++ in Poway, CA, and would likely not have the square footage (in either the house or lot) of the TX home.
