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View Diary: Rick Perry begging California businesses to head to Texas (205 comments)

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  •  Yes, the property taxes are insane. (8+ / 0-)

    I haven't seen (or really even looked for) analysis on this subject, but relying on property taxes so heavily feels very regressive to me. Many people who have done exactly what Republicans say they want people to do (work hard, be responsible, buy a house but not beyond your means, etc.) are being priced out of neighborhoods they have lived in for decades because gentrification brings unaffordable property taxes. Our own neighborhood became "hip" a few years back. All that means for us is that our property taxes have tripled. I can assure you that our incomes haven't tripled. For the wealthy, the taxes are just a blip, but for the rest of us, they are a significant portion of income.

    I'm a little bit scared for Austin - it's becoming very money-focused and soulless. So many new businesses cater only to high-end clients. The only people who can afford to buy in our neighborhood now are trust-fund babies. I'll stop whining now.

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