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16.10.25 - 05:48
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When Do We Truly Own Anything? The Property Tax Scheme That Keeps Us Paying Forever (ZeroHedge)
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When Do We Truly Own Anything? The Property Tax Scheme That Keeps Us Paying Forever
Authored by Mollie Engelhart via The Epoch Times,
Texas is famous for its wide-open land, its independence, and its promise of freedom. Yet the truth is that Texans pay some of the highest property tax rates in the country. The state itself doesn't collect property tax, but local governments make up for it many times over. Even with agricultural and wildlife exemptions, the real burden still falls on commercial buildings, apartment complexes, and single-family homes—the very places where most people live and work.
Every year, I write a check for twenty-four thousand dollars in property taxes. In Texas, over half of that typically goes toward public education—sometimes up to 70 percent in certain counties. The irony is that none of it goes toward educating my own children.
I homeschool my kids. On our farm, we built a small barn with electricity, air conditioning, and a nearby restroom.
My husband and I tea...
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01.10.25 - 22:42
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U.S. Mortgage Applications Decline - MBA (AFX)
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WASHINGTON (dpa-AFX) - U.S. mortgage applications decreased in the week ended September 26 after rising in the previous three weeks, latest survey data from the Mortgage Bankers Association showed......
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01.10.25 - 21:01
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U.S. Housing Heat Map Signals Ongoing Deceleration As Buyers Wait For Lower Rates (ZeroHedge)
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U.S. Housing Heat Map Signals Ongoing Deceleration As Buyers Wait For Lower Rates
New residential housing construction momentum continued cooling in August, with permits under pressure nationally, particularly in the South and West. Builders are managing inventory tightly while awaiting further Federal Reserve interest rate cuts to hopefully revive demand, with Midwest markets standing out as relative outperformers. Many buyers remain sidelined by affordability woes, as elevated mortgage rates and high home prices crush demand, and a softening labor market now adds to the challenges.
A team of Goldman analysts, led by Susan Maklari, penned a note on Tuesday that provides a heat map for the nation's housing market, showing that falling housing permits signal the real estate market shifted into a lower gear. Builders are more cautious in late year, buyers are waiting for the Fed Chair Powell to unleash another round of interest rate cuts, and home price growth has stalled. The Midwe...
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