For 200k, you have to make sacrifice. Some people can sacrifice weather while other can sacrifice commute time, while other can sacrifice house/lot size. What are you willing to sacrifice? My favorite saying is, beggar can’t be chooser.
[quote=udpumpkin][quote=Wickedheart]
Property taxes are ridiculous. My daughter’s property taxes are nearly $4000 a year for a house valued at $150k.[/quote]
No income tax in Texas. Would you rather pay ‘ridiculous’ property taxes or 9.3% income tax?[/quote]
Yep, 9.3% for someone making 100k is around 9000. For a 500k house, 1% tax is 5000 a year vs 10k at 2%. You’d need 3% tax to offset the income tax difference. If you make 150k a year, you’ll need 4% propety tax to offset it.
[quote=udpumpkin][quote=Wickedheart]
Property taxes are ridiculous. My daughter’s property taxes are nearly $4000 a year for a house valued at $150k.[/quote]
No income tax in Texas. Would you rather pay ‘ridiculous’ property taxes or 9.3% income tax?[/quote]
Yep, 9.3% for someone making 100k is around 9000. For a 500k house, 1% tax is 5000 a year vs 10k at 2%. You’d need 3% tax to offset the income tax difference. If you make 150k a year, you’ll need 4% propety tax to offset it.
[quote=udpumpkin][quote=Wickedheart]
Property taxes are ridiculous. My daughter’s property taxes are nearly $4000 a year for a house valued at $150k.[/quote]
No income tax in Texas. Would you rather pay ‘ridiculous’ property taxes or 9.3% income tax?[/quote]
Yep, 9.3% for someone making 100k is around 9000. For a 500k house, 1% tax is 5000 a year vs 10k at 2%. You’d need 3% tax to offset the income tax difference. If you make 150k a year, you’ll need 4% propety tax to offset it.
[quote=udpumpkin][quote=Wickedheart]
Property taxes are ridiculous. My daughter’s property taxes are nearly $4000 a year for a house valued at $150k.[/quote]
No income tax in Texas. Would you rather pay ‘ridiculous’ property taxes or 9.3% income tax?[/quote]
Yep, 9.3% for someone making 100k is around 9000. For a 500k house, 1% tax is 5000 a year vs 10k at 2%. You’d need 3% tax to offset the income tax difference. If you make 150k a year, you’ll need 4% propety tax to offset it.
[quote=udpumpkin][quote=Wickedheart]
Property taxes are ridiculous. My daughter’s property taxes are nearly $4000 a year for a house valued at $150k.[/quote]
No income tax in Texas. Would you rather pay ‘ridiculous’ property taxes or 9.3% income tax?[/quote]
Yep, 9.3% for someone making 100k is around 9000. For a 500k house, 1% tax is 5000 a year vs 10k at 2%. You’d need 3% tax to offset the income tax difference. If you make 150k a year, you’ll need 4% propety tax to offset it.
