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SVTPerformance's Chain of Restaurants
Road Side Pub
The housing market
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<blockquote data-quote="Voltwings" data-source="post: 15854094" data-attributes="member: 155561"><p>Southern states > Everything else. My job moved my wife and me to Oklahoma and we have a 3 car garage, 1850 sqft house in the nicest suburb of OKC (not that that says much haha) and the house was $212k. We're looking to move back to Houston and finding a 3000 sqft home with a 3 car garage for $250k or so is not exactly hard.</p><p></p><p>I have my own opinions on what needs to happen (or what will happen) to the housing market, but i believe the new tax law capping property tax deductions will be what does it. If i'm not mistaken, in parts of California your payment every month doesnt even touch the principle, it only covers the interest. The thought there being that your home will appreciate faster than the interest ... that cant go on forever.</p></blockquote><p></p>
[QUOTE="Voltwings, post: 15854094, member: 155561"] Southern states > Everything else. My job moved my wife and me to Oklahoma and we have a 3 car garage, 1850 sqft house in the nicest suburb of OKC (not that that says much haha) and the house was $212k. We're looking to move back to Houston and finding a 3000 sqft home with a 3 car garage for $250k or so is not exactly hard. I have my own opinions on what needs to happen (or what will happen) to the housing market, but i believe the new tax law capping property tax deductions will be what does it. If i'm not mistaken, in parts of California your payment every month doesnt even touch the principle, it only covers the interest. The thought there being that your home will appreciate faster than the interest ... that cant go on forever. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The housing market
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