One in five Texans lives in a floodplain, state’s first-ever analysis shows
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Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#2I guess TX Real Estate is cheap for a reason.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#3I guess TX Real Estate is cheap for a reason.
It's cheap because unlike in CA, NIMBYs can't stop new houses.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#4I guess TX Real Estate is cheap for a reason.
It's cheap because unlike in CA, NIMBYs can't stop new houses.
It is also cheap because property tax acts as a lid on prices. If the price goes up in Texas the tax goes up accordingly, but the same is not true in California due to Prop 13. And Texas has some of the highest rates in the country.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#5Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#6What's the first thing people / developers do after houses are wiped out by a flood in a floodplain? Build more houses in the same spot. It is pretty common still, in Houston, for people to openly disclose if their house didn't flood during Hurricane Harvey when trying to sell their house. If they did flood, you look for the negative signal there. I heard people keep rebuilding because they can usually get affordable 'Insurance of Last Resort'.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#7What's the first thing people / developers do after houses are wiped out by a flood in a floodplain? Build more houses in the same spot. It is pretty common still, in Houston, for people to openly disclose if their house didn't flood during Hurricane Harvey when trying to sell their house. If they did flood, you look for the negative signal there. I heard people keep rebuilding because they can usually get affordable…
Lol. Affordable. Not for long. Look at what is happening in Florida wrt home insurance.
So you may live in a flood plane and you have an unreliable power grid? What else?
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#8Earlier quoted context omitted.
It's cheap because unlike in CA, NIMBYs can't stop new houses.
It is also cheap because property tax acts as a lid on prices. If the price goes up in Texas the tax goes up accordingly, but the same is not true in California due to Prop 13. And Texas has some of the highest rates in the country.
CA tax increases are capped. So if you buy today and next year the value of your house goes up a LOT your increase is capped.
The other part that sucks is inheritances. Then the price is not re-evaluated. Now you have people sitting on a $2,000,000 house with a value of 200,000.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#9Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#10So wait --- have right wing politicians in Texas finally accepted that global warming is for real? No longer just a hoax created by lefty scientists?
Or are some still clinging to their fallback theory --- that increasing CO2 levels have nothing to do with it? Pulling billions of tons of carbon out of the ground every year and burning it in the atmosphere is totally irrelevant?
Right wing politics is rooted in magic and magical thinking. But realty is nothing if not persistent.