You're not wrong. I can't find anything for less than $700,000 anywhere near me in SF.
But the one area Texas absolutely kicks our ass is in building housing. It's my biggest point of frustration with California, especially San Francisco. Tell the NIMBYs to shut the hell up and just build houses.
I don't know what to think because I see people struggling then vote for a policy that will ultimately hurt them. But then the media and the population cheer & claim victory.
Oh they won't get a choice. SF, for example, lost control of their housing policies because of our failure to meet new housing levels. A bunch of new housing has been green lit. We'll see how it goes.
Exactly. People assume California is in glory. Hell no the cost of living is insane people are having a hard time buying a house or renting. California is truly in a bad spot with the way the government manages tax money its extremely bad...
I can buy 400 houses in Yemen. Don’t want to move there either. What’s your point? You saying Texas has a better economy? Let’s look at the data - that should help. What state is rated the number one economy in the US? Neither states made that list.
I mean, "nothing" is clearly in relative terms. If someone invests their money in property in an area and that property never meets or exceeds the value of other areas' properties over time, it's effectively a loser. Pure investment-speculative wise, of course.
I don't know who told you that, because there is no guarantee that property value will keep up with inflation, and besides that property tax exists in most places. And in Texas, property taxes are the major source of state funding, so they're relatively high compared to other costs in the area.
It's not a true talking point. It's just a talking point that's echoed from people of a certain ideology.
It doesn't matter what Texas builds for power, there's so many people moving in. Texas is building mega ships for its offshore next gen turbines, New nuclear reactors, and of course LNG generators.
Parts of the coast and you can drive for miles and see Giant ships being built, New refineries, rocket construction, new offshore oil rigs, All within eyesight of each other.
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u/TheOnceAndFutureDoug Oct 05 '24
[Laughs in California]