DFW area attracting 2 million people by 2030? - Page 3

JManc · #41 Posted **Jan 7, 2020, 7:47 PM**

The % decline reflect's DFW's growing population in relation to its net growth. The bigger it gets, the lower the percentage growth will be even if the raw numbers are steadily increasing. This is why the fastest growing areas tend to be small to mid-sized metros.

subterranean · #42 Posted **Jan 7, 2020, 7:56 PM**

At some point the Ponzi scheme of surburban infrastructure development in Texas has to come back to haunt.

JAYNYC · #43 Posted **Jan 7, 2020, 8:17 PM**

Quote:

Originally Posted by subterranean

At some point the Ponzi scheme of surburban infrastructure development in Texas has to come back to haunt.

A seemingly popular opinion of anyone who doesn't reside in the state.

subterranean · #44 Posted **Jan 7, 2020, 8:36 PM**

Quote:

Originally Posted by JAYNYC

A seemingly popular opinion of anyone who doesn't reside in the state.

Thank you for your commentary.

mhays · #45 Posted **Jan 7, 2020, 8:47 PM**

It's true...decades of fast growth can turn into a fast-growing need to fix infrastructure built during that growth. If you couple that with continued needs for new infrastructure....

badrunner · #46 Posted **Jan 7, 2020, 8:58 PM**

That's why Dallas area property taxes are so high, more than double the rate of LA county taxes. And that's not even accounting for prop 13.

dave8721 · #47 Posted **Jan 7, 2020, 9:07 PM**

Quote:

Originally Posted by mhays

It's true...decades of fast growth can turn into a fast-growing need to fix infrastructure built during that growth. If you couple that with continued needs for new infrastructure....

And no income taxes, money has to come from somewhere.

subterranean · #48 Posted **Jan 7, 2020, 9:09 PM**

Quote:

Originally Posted by badrunner

That's why Dallas area property taxes are so high, more than double the rate of LA county taxes. And that's not even accounting for prop 13.

Property taxes in low density settings never pay for the amount infrastructure they consume.

TexasPlaya · #49 Posted **Jan 7, 2020, 9:34 PM**

Quote:

Originally Posted by mhays

It's true...decades of fast growth can turn into a fast-growing need to fix infrastructure built during that growth. If you couple that with continued needs for new infrastructure....

Not sure about other states, but Bond measures are very important. Both Houston and Austin passed a bunch of measures supporting more schools, more transit, more parks, and more roads.

JManc · #50 Posted **Jan 7, 2020, 10:03 PM**

Quote:

Originally Posted by subterranean

Property taxes in low density settings never pay for the amount infrastructure they consume.

You do know 'infrastructure' is paid out of a variety of budgets right? Not just via property taxes.

IrishIllini · #51 Posted **Jan 7, 2020, 10:55 PM**

Quote:

Originally Posted by JManc

You do know 'infrastructure' is paid out of a variety of budgets right? Not just via property taxes.

How does it work in Texas since there’s no state income tax? Sales/gas taxes + property taxes?

LA21st · #52 Posted **Jan 7, 2020, 11:14 PM**

Quote:

Originally Posted by IrishIllini

How does it work in Texas since there’s no state income tax? Sales/gas taxes + property taxes?

Their property taxes are high. LA County is only .75, Dallas and Houston are hovering around 2 percent.

Chicago is also above 2.

Steely Dan · #53 Posted **Jan 7, 2020, 11:21 PM**

Quote:

Originally Posted by LA21st

Chicago is also above 2.

not across the board.

we pay 1.7% on our home in chicago.

we pay 3.75% state income tax in illinois (and chicago has no city income tax).

in cali, most middle class families are paying 9.3% state income tax.

but then IL/chicago sales taxes are much higher than cali, so........

a lot of this stuff balances out one way or the other because the governement is gonna get it's money one way or the other.

comparing places by only looking at one type of tax burden is quite simplistic and not terribly informative.

JManc · #54 Posted **Jan 7, 2020, 11:29 PM**

We pay between 2.5% and 2.7% on our houses. Pretty high. People think they are saving without an income tax but they get you other ways...

subterranean · #55 Posted **Jan 7, 2020, 11:29 PM**

Quote:

Originally Posted by JManc

You do know 'infrastructure' is paid out of a variety of budgets right? Not just via property taxes.

Yes I do. Watch this.

• Video Link

LA21st · #56 Posted **Jan 7, 2020, 11:31 PM**

Quote:

Originally Posted by Steely Dan

not across the board.

we pay 1.7% on our home in chicago.

Ah. Thats good.

austlar1 · #57 Posted **Jan 7, 2020, 11:38 PM**

Quote:

Originally Posted by IrishIllini

How does it work in Texas since there’s no state income tax? Sales/gas taxes + property taxes?

Pretty much how things are financed down here. No income tax. For years property values were fairly stable which is one reason the 2008 meltdown did not impact Texas as much as many other locales. The more recent rapid rise in property valuations in some Texas metros is starting to be a major concern in terms of increased assessments. It is the same scenario that lead to Prop 13 passing out in California in 1978. We aren't there yet, but there is growing sentiment for some kind of RE tax reform.

LA21st · #58 Posted **Jan 8, 2020, 12:02 AM**

But if you lower the property taxes how can you finance services with no state income tax? Something has to give. Those things dont pay for themselves.

The ATX · #59 Posted **Jan 8, 2020, 12:20 AM**

I didn't see this mentioned yet. TxDOT gets a chunk of its budget for transportation projects from the State's oil revenue.

TexasPlaya · #60 Posted **Jan 8, 2020, 1:08 AM**

Quote:

Originally Posted by The ATX

I didn't see this mentioned yet. TxDOT gets a chunk of its budget for transportation projects from the State's oil revenue.

And Texas schools.