Given Andrew’s recent post on property taxes and their effect on housing prices here in Houston (and the relatively intense reaction it garnered among some), I thought I would do a little comparison. I am currently looking at purchasing property here in Houston and my initial reaction has been surprise at how much more expensive [...]
Tuesday we took a look at the fundamental components of property values, at a macro level. In short, properties fall in two categories: resource-productive, and people-productive. Generally, if a property isn’t a farm or some kind of mine (or well) then it’s value is derived from it’s ability to attract human use. When humans use [...]
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