Corona
It's cool, I'm takin it back
Premium
join:2000-03-14
Aubrey, TX
| I moved to San Antonio 5 1/2 years ago from Metro Detroit. The cost of housing here is insanely cheap. A few reasons.
1. property taxes in the City of San Antonio are kinda high. Our house is valued around $250k, and our property taxes are $6,000.
2. There is still a LOT of space in San Antonio, so the market is flooded with new subdivisions in lots of places.
There are no less than 15 new construction subdivisions withing a 5 mile circle from my house, and they're all by the same 6 or 7 builders. So the constant new construction sells for just a few points more than the used house they built 3-5 years ago, 0-5 miles away. It keeps the market suppressed with available homes.
--
d00mz |
·