Why everybody is moving to Texas

[tlongII]

http://money.cnn.com/2014/09/29/real_estate/affordable-housing-growth/index.html?hpt=hp_t2

More Americans moved to Texas in recent years than any other state: A net gain of more than 387,000 in the latest Census for 2013. And Austin was the fastest growing major city.

Jobs is the No. 1 reason for population moves, with affordable housing a close second.

"It take two things to draw people inland in big numbers: jobs and housing affordability," said Nela Richardson, chief economist for the real estate broker Redfin.

Texas and other heartland states have two advantages that translate into affordable housing: Plenty of cheap land around cities and easy regulations that enable developers to build quickly.

Nine of the top 10 fastest growing U.S. metro areas last year were ones where homes were more affordable than the U.S. average, according to Redfin. Many were in Texas, Oklahoma, Utah and other heartland states.

Five Texas cities -- Austin, Houston, San Antonio, Dallas and Fort Worth -- were among the top 20 fastest growing large metro areas.

Some smaller Texas metro areas grew even faster. In oil-rich Odessa, the population grew 3.3% and nearby Midland recorded a 3% gain.

Jobs was the main driver in Austin, where population rose by 2.6% between 2012 and 2013. That's nearly four times faster growth than the United States as a whole.

Jobs are plentiful in Austin, where the unemployment rate is just 4.6%. Moody's Analytics projects job growth to average 4% a year through 2015.

Just as important, many jobs there are well paid: The median income of more than $75,000 is nearly 20% higher than the national median. The median home price is $243,000, higher than the U.S. norm, but a price level that income can support.

[spurs_fan_in_exile]

Fuck that. It's all me.

[ChumpDumper]

All that and we still have to bribe companies to come here.

[Infinite_limit]

Land

[Spur|n|Austin]

Toyota didn't take much bribing.

[boutons_deux]

All that and we still have to bribe companies to come here.

and "studies have shown" that state/municipal huge tax breaks have almost no impact on employment or other economic advantages TO OFFSET the taxes lost.

eg, Nevada economists are showing that NV really screwed up their tax revenues "spent" on Tesla.

Corporations are playing the states, counties, municipalities for dopes.

And corporate (re)locations have also been shown to more much more affected by considerations OTHER than tax breaks.

[Blake]

Toyota didn't take much bribing.

They got a huge tax break, iirc

[ChumpDumper]

Toyota didn't take much bribing.
$133 million for the Tundra plant.

[The Reckoning]

still can't find a job in austin

[ChumpDumper]

still can't find a job in austinReally?

Even I could.

Keep at it.

[boutons_deux]

They got a huge tax break, iirc

ATT left SA for Dallas

[DarrinS]

So, companies aren't attracted to states with punitive tax rates? Shocker.

[DPG21920]

Texas has pretty high tax rates though for individuals compared to the nation IIRC.

[Blake]

Texas has pretty high tax rates though for individuals compared to the nation IIRC.

no state income tax, tbh

[DPG21920]

no state income tax, tbh

Sure, but when you factor in other taxes, I think it rates fairly high on the list by state.

[DarrinS]

Sure, but when you factor in other taxes, I think it rates fairly high on the list by state.

Srsly?

[DPG21920]

Srsly?

Am I mistaken? Thought I just read something the other day, that when you factor in all types of taxes that a state resident pays, that TX is not as low as one might think..

[boutons_deux]

http://taxfoundation.org/sites/taxfoundation.org/files/docs/state-local-sales-taxes-2014-%28large%29.png

http://taxfoundation.org/article/state-and-local-sales-tax-rates-2014

[DPG21920]

I dont think that is what I read, but it was a similar map. But that is just a specific tax (sales tax) and not really representative of the entire tax burden.

Mine probably was something similar with a specific tax and not overall tax rate. In looking it up, I think Texas is ranked 40+ when it comes to overall tax burden.

[boutons_deux]

I dont think that is what I read, but it was a similar map. But that is just a specific tax (sales tax) and not really representative of the entire tax burden.

Mine probably was something similar with a specific tax and not overall tax rate. In looking it up, I think Texas is ranked 40+ when it comes to overall tax burden.

all RED STATES at the bottom:

http://247wallst.com/special-report/2014/06/03/states-spending-the-most-and-least-on-education/4/

[DPG21920]

all RED STATES at the bottom:

http://247wallst.com/special-report/2014/06/03/states-spending-the-most-and-least-on-education/4/

What

[vander]

all RED STATES at the bottom:

http://247wallst.com/special-report/2014/06/03/states-spending-the-most-and-least-on-education/4/

"spend" being the keyword

results not important

[boutons_deux]

"spend" being the keyword

results not important

education spending DOES cause better results (better paid teachers attracting better QUALITY teachers, less teacher turnover, more educational resources, etc)

red states are the low-wage, low-info (ignorant, religiously oriented) states, obtaining more $$$ from federal govt (blue states) than they send to federal govt.

typical Repug screw-the-poor/enrich-the-rich strategy:


Governors Push Bigger Reliance on Sales TaxesRepublican governors are moving aggressively to cut personal and corporate income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.

http://www.nytimes.com/2013/01/25/us/politics/republican-governors-push-taxes-on-sales-not-income.html?pagewanted=all&_r=0

as much as possible: reduce/kill state income taxes and property taxes (hits the rich most), while increasing sales taxes(hits the poor most).

[z0sa]

Houses might be affordable, but our property taxes are fucking god awful.

[leemajors]

Houses might be affordable, but our property taxes are fucking god awful.

I think the taxes aren't that bad, in places like Austin overvaluation is the real issue.

[Franklin]

no state-income tax, imho.

[DMC]

Every city made the playoffs....

[Spur|n|Austin]

still can't find a job in austin

How long have you been looking? What is you degree in, or what field of work are you looking to be in?

[Hoover]

Property taxes are very high in TX compared to most states.

http://www.tax-rates.org/taxtables/property-tax-by-state

and God help you if you live around Austin because taxes here are among the highest in the state, on top of appraised value shooting up like a Saturn V.

Homeowners' insurance is also very high compared to most states.

http://www.valuepenguin.com/average-cost-of-homeowners-insurance

[The Reckoning]

How long have you been looking? What is you degree in, or what field of work are you looking to be in?


i need to be on the coast to work :lol.


but if i didn't have to i'd be in austin in a heartbeat. there's a few firms there that caught my eye but i think they've lost too many contract negotiations and were disbanded.

[Chris]

Wish the douchebags from California would gtfo! Bad drivers with an even worse attitude.