Earlier quoted context omitted.
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.
One in five Texans lives in a floodplain, state’s first-ever analysis shows
21–27 of 27 posts
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#22I guess TX Real Estate is cheap for a reason.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#23Earlier quoted context omitted.
"Fragility" is a *feature* that is engineered into the TX grid by right wing politics. 1) No connection to outside grids for backup capacity. Have to maintain that dream of seceding from the union. 2) Their "free market" real time power auction punishes any provider who tries to plan for reserve capacity and extreme events. They are sure to lose out in this auction to those that don't. 3) During extreme events, power…
Yes, the ones that are the most vocal about "small govnt" and "free market" are the ones that are the first to wait for handouts and bailouts. I say: no thanks. Want your stupid policies? Those come with consequences. People need to separate reality from pipe dreams.
https://www.kltv.com/2021/02/18/gov-greg-abbott-provide-upda...
...the Governor announced he is requesting a Major Disaster Declaration — which includes Individual Assistance, Public Assistance, and the Hazard Mitigation Grant Program — from the White House.
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#24He set up a task force to look into flood insurance. They came up with recommendations and one of them was "under no circumstances should it be subsidized"
To grow in the littoral, Johnson pushed it with subsidies
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#25So 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…
Au contraire, reality is ephemeral. Right wing politics is all about turning back the clock, larping as time travelers from a bygone era.
Thinking otherwise is just "magical thinking".
Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#26Re: One in five Texans lives in a floodplain, state’s first-ever analysis shows
#27What'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?