Like the stock market.

A person can now invest $100k in equities or real estate and become a millionaire in 12 years based on the ROI we have seen the last 5 years.

How is any of this sustainable? When does it end?

When the govt takes over our homes for tax default and sells them to Blackrock for pennies on the dollar and then BR rents them back to us for 2x our current mortgage. It's going to be great, we'll own nothing and love it.

once homes are virtually uninsurable, i think we'll see some price drops.

Logos Stick said:

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Like the stock market.

A person can now invest $100k in equities or real estate and become a millionaire in 12 years based on the ROI we have seen the last 5 years.

How is any of this sustainable? When does it end?

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Good luck selling it

Dang, where do you live that it's doubled. Mine's increased only 25% in 5 years luckily or else I won't be able to afford the property tax.

akm91 said:

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Dang, where do you live that it's doubled. Mine's increased only 25% in 5 years luckily or else I won't be able to afford the property tax.

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Based on my valuation... in hell, obviously.

mine has doubled, but it took about 12 years, not 5. will be selling in about 5-6 years. hopefully the market stays strong for sellers by then... lol

Mine

The housing market actually did that, and it sucks.

That's not on the district, that's on the people who bought homes in your area.

Case Schiller HPI (home prices index) has run up from 221.5 in July 2020 to 331.1 as of July 2025.

That's just a general indication of what happened. Some market areas have seen 70 - 100% increases in Sales Prices, and that's just a fact that I hate to look at...but it is still a fact.

The poster above me shows a 70% increase...that's spot on for increases I've observed.

aggiepanic95 said:

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When the govt takes over our homes for tax default and sells them to Blackrock for pennies on the dollar and then BR rents them back to us for 2x our current mortgage. It's going to be great, we'll own nothing and love it.

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Has this happened somewhere?

I'm in South College Station. Bought my house in October 2014. Eleven years later the appraisal district has it at 42.14% above my purchase price. It was a new house. I'm first owner. I'm thinking only 42% is pretty good. I've heard some horror stories out there.

289% in 18 years

Logos Stick said:

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Like the stock market.

A person can now invest $100k in equities or real estate and become a millionaire in 12 years based on the ROI we have seen the last 5 years.

How is any of this sustainable? When does it end?

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You answered your own question. Invest $100k in equities every year.

Logos Stick said:

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Like the stock market.

A person can now invest $100k in equities or real estate and become a millionaire in 12 years based on the ROI we have seen the last 5 years.

How is any of this sustainable? When does it end?

---

Good luck selling it for that price at current interest rates. Value has to be seen by two parties in a real estate transaction.

akm91 said:

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Dang, where do you live that it's doubled. Mine's increased only 25% in 5 years luckily or else I won't be able to afford the property tax.

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Mine has doubled too in the same amount of time.

Georgetown, TX.

Ranch property is even crazier.

Mine's up 50% in 8 years but my property taxes are nearly flat because they adjusted the tax rate downward as values moved up.

aggiepanic95 said:

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When the govt takes over our homes for tax default and sells them to Blackrock for pennies on the dollar and then BR rents them back to us for 2x our current mortgage. It's going to be great, we'll own nothing and love it.

---

aggiepanic95 said:

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When the govt takes over our homes for tax default and sells them to Blackrock for pennies on the dollar and then BR rents them back to us for 2x our current mortgage. It's going to be great, we'll own nothing and love it.

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Congrats on regurgitating a false hot take headline grabber. It has become tiresome on this board. Institutional capital owns 1.6% of single family homes. This is one of the worst over repeated headlines in the real estate industry today.



https://www.linkedin.com/posts/jay-parsons-a7a6656_rise-of-accidental-landlords-is-bad-news-activity-7378802000249085952-PSmb?utm_source=share&utm_medium=member_ios&rcm=ACoAAAZaA-MBSvGkFFL3-ZEeclZTSiaOGAFlFPk

" In no other industry is there so many people convinced that those with 1.6% market share control the market."

Jay parsons is very sharp and an expert in the rental market industry.

MemphisAg1 said:

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Mine's up 50% in 8 years but my property taxes are nearly flat because they adjusted the tax rate downward as values moved up.

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This is how I know the multiverse exists. Which dimension are you in?

Our house is up 53% in five years.

Kyle Field Shade Chaser said:

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mine has doubled, but it took about 12 years, not 5. will be selling in about 5-6 years. hopefully the market stays strong for sellers by then... lol

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That might work out for you, provided you do not plan to buy another home or plan to downsize.

Logos Stick said:

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Like the stock market.

A person can now invest $100k in equities or real estate and become a millionaire in 12 years based on the ROI we have seen the last 5 years.

How is any of this sustainable? When does it end?

---

Can u actually sell your house for that value or are they just f***ing you for more money? You're the sucker

YouBet said:

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MemphisAg1 said:

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Mine's up 50% in 8 years but my property taxes are nearly flat because they adjusted the tax rate downward as values moved up.

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This is how I know the multiverse exists. Which dimension are you in?

Our house is up 53% in five years.

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A nice subdivision in unincorporated Brazos County.

Your post prompted me to look closer.

2024 taxes were up 12% compared to 2020, about 3% per year.

So, equal or less than inflation, which is why it struck me as nearly flat.

There is no way we could sell our house for market value much less tax value. We have 52 homes for sale in our hood of about 400.

There are two buckets of homes. The bottom half average somewhere around $500k in price and the top half average somewhere around $1.5M. I can't speak for the bottom half because they are scattered in a slightly denser part of the neighborhood off the main road.

But the top half aren't selling. Those houses have mostly all been on the market for at least 6 months with some of them over a year.

YouBet said:

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There is no way we could sell our house for market value much less tax value. We have 52 homes for sale in our hood of about 400.

There are two buckets of homes. The bottom half average somewhere around $500k in price and the top half average somewhere around $1.5M. I can't speak for the bottom half because they are scattered in a slightly denser part of the neighborhood off the main road.

But the top half aren't selling. Those houses have mostly all been on the market for at least 6 months with some of them over a year.

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They are still selling in my county if they are under $1mm. Sometimes just over.

My valuation has gone up 63% since 2021.

My house hasn't doubled in value, but has gone up quite a bit the last few years. It doesn't do me any good though because if I sold it, I would just have to turn around a buy another house at even more inflated prices.

The communists who run this county love it, though. Appraisals come in with a big increase, yet they keep a flat tax rate. Then they try to act like "we didn't raise taxes". They think my home equity is their piggy bank.

YouBet said:

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There is no way we could sell our house for market value much less tax value. We have 52 homes for sale in our hood of about 400.

There are two buckets of homes. The bottom half average somewhere around $500k in price and the top half average somewhere around $1.5M. I can't speak for the bottom half because they are scattered in a slightly denser part of the neighborhood off the main road.

But the top half aren't selling. Those houses have mostly all been on the market for at least 6 months with some of them over a year.

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Artificially low interest rates manipulated by the Fed over 15+ years drove up prices for all kind of assets including homes, cars, and stocks. With our debt binge likely to cause even higher interest rates, it's hard to see how prices can stay elevated.

I'm not rooting for that outcome. I've got three kids in their 30's trying to get started in life, and I'm staring retirement in the face in the very near future. I'm hoping for a reasonable glide path... fingers crossed.

My Land Value is worth more than the entire purchase price I paid in 2018

2025 Land only: $248k

Assessment up 45% in 7 years. Property tax bill up 7% over the same period.

The first words on this post title are Property Taxes. Why is everyone talking about appraised values? Property taxes are the tax rate times appraised value. Property tax rates have been declining. These have countervailing impacts on your tax bill. I am sure almost all have experienced an increase in property taxes, but that increase is much less than the increase in appraised values. Moreover, the overall price level or Consumer Price Index has increased over time, and incomes have generally increased a bit more than the CPI. (Even those receiving Social Security checks see increases as the CPI increases.)

Maybe we should discuss how much our property tax bills have increased over and above the increase in the CPI.

The only thing propping up the housing market right now is people got awesome mortgages when interest rates were low and can't afford to leave/ sell their homes...Also the government guaranteeing rent payments for all the Asylum seekers. Rent is barely affordable for most people now. It should have crashed already but we have so many illegals that made houses in high demand also.

tamufan said:

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Why is everyone talking about appraised values? Property taxes are the tax rate times appraised value.

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Because, whether they like it or not, rightists also make decisions based on "feels," This math contradicts their narrative. Lowering tax rates has "felt" like increasing appraisal values. And, therefore, we're still seeing us pay more property taxes year after year. But, it's what rightist Texans voted for so they get to own it.

tamufan said:

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The first words on this post title are Property Taxes. Why is everyone talking about appraised values? Property taxes are the tax rate times appraised value. Property tax rates have been declining. These have countervailing impacts on your tax bill. I am sure almost all have experienced an increase in property taxes, but that increase is much less than the increase in appraised values. Moreover, the overall price level or Consumer Price Index has increased over time, and incomes have generally increased a bit more than the CPI. (Even those receiving Social Security checks see increases as the CPI increases.)

Maybe we should discuss how much our property tax bills have increased over and above the increase in the CPI.

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Depends upon the elected officials responsible for setting the tax rate. If their constituency consists mostly of low income renters who think "we don't pay property tax", they look upon increased property values as a form of wealth redistribution. They have no incentive to lower the rate even if the appraisals come in sky high.

TA-OP said:

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tamufan said:

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Why is everyone talking about appraised values? Property taxes are the tax rate times appraised value.

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Because, whether they like it or not, rightists also make decisions based on "feels," This math contradicts their narrative. Lowering tax rates has "felt" like increasing appraisal values. And, therefore, we're still seeing us pay more property taxes year after year. But, it's what rightist Texans voted for so they get to own it.

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Lolz

torrid said:

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tamufan said:

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The first words on this post title are Property Taxes. Why is everyone talking about appraised values? Property taxes are the tax rate times appraised value. Property tax rates have been declining. These have countervailing impacts on your tax bill. I am sure almost all have experienced an increase in property taxes, but that increase is much less than the increase in appraised values. Moreover, the overall price level or Consumer Price Index has increased over time, and incomes have generally increased a bit more than the CPI. (Even those receiving Social Security checks see increases as the CPI increases.)

Maybe we should discuss how much our property tax bills have increased over and above the increase in the CPI.

---

Depends upon the elected officials responsible for setting the tax rate. If their constituency consists mostly of low income renters who think "we don't pay property tax", they look upon increased property values as a form of wealth redistribution. They have no incentive to lower the rate even if the appraisals come in sky high.

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In a roundabout way this is my complaint. I understand my appraisal has gone up and the tax burden has roughly gone up proportional, give or take a few pennies per thousand. That is not what bothers me. My complaint is that while twice as much money has left my pocket, I don't see twice as many police officers patrolling my neighborhood, twice as much park space, another fire station, etc. What the hell are they doing with twice the money?

Quote:

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How is any of this sustainable?

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It's not.

Our property is up 225% in 12 years. We have become a society of 'haves' and 'have nots.'

Our youngest daughter and her husband (late 20's) are looking to buy their first home in West Knoxville, Tennessee. 1960's ranchers that easily need $50,000 to $75,000 in renovations are selling for around $450,000.