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Forum nameGeneral Discussion
Topic subjectSo let's break that down...
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13019981&mesg_id=13020469
13020469, So let's break that down...
Posted by PoppaGeorge, Thu May-12-16 01:03 PM
Aiight... I don't fuck with TX like that (even though I have a shitload of family out there), but let's say I just got a $1M cash infusion and I'm gonna relocate to Houston. Because TX is the land of the hot like AZ, I'm gonna keep the same expectations for a house:

$200K-$300K, 5+ bedrooms, 3+ bathrooms, 3000+ sq/ft, and a swimming pool.

Bet... so I find this:

http://www.realtor.com/realestateandhomes-detail/5927-Queensgate-Dr_Houston_TX_77066_M85743-71343

Everything I want plus damned near an acre of land. So let's have a look at the taxes on this house with the Harris County Tax Office:

http://www.hctax.net/Property/TaxStatement?Account=1055610000009

The 2015 taxes (due on Jan 31st, 2016)are only $4,007.78 and looking at the tax receipts on this property going back to 2012, you can speculate that within 10 years you might be paying $5000 a year on taxes. At that rate, you could live in that house for the next 20 years and you MIGHT spend $100K-$120K on taxes.

You haven't even broken $400K yet with the purchase of the house.

If you wanted, you could work a part time McDonalds job just to pay the taxes on this crib every year and never touch the rest of whatever's left over from the $1M.

Even if it was $11K a year, you could still work a bullshit part-time job to pay the taxes and never touch the remainder of the money.

Property taix ain't that much b.

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Where is the peace when we are in the back of ambulances? Where is the peace then?
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