Monday, 4 March 2013

Start asking questions

THE REAL DEAL

3 comments:

  1. Just *amazing!* It really is. We are being price-gouged in a really big way.

    I think Aussies are paying "through the nose" too. I would guess that in Aussie, this house would be $AUS500K+.

    ReplyDelete
  2. That's pretty expensive for Texas actually. You can get something decent in San Antonio for half that. For example: http://www.zillow.com/homedetails/9-Even-Post-Pl-San-Antonio-TX-78238/60081441_zpid/

    ReplyDelete
  3. Peter, if you really want to understand why the properties are so expansive here, read: http://www.foldvary.net/works/geoaus.html
    The bottom line is that with or without credit expansion you would still have property bubbles in a situation where there is no tax on the unearned income from land.

    ReplyDelete

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