Start asking questions
posted by Peter Cresswell at 12:51 pm
Monday, March 04, 2013
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Previous Posts
- DOWN TO THE DOCTOR’S: An important constitutional
- Junk that non-news NOW!
- QUOTE OF THE DAY: On Marriage
- FRIDAY MORNING RAMBLE: A slow news week?
- Who comes first? Shark or man?[updated]
- Bubble Trouble: Is There an End to Endless Quantit...
- Marriage, under government
- Meanwhile, back in the United Police States
- Calling all beer historians
- “I want to be a crony”
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3 Comments:
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+.
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/
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.
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