City Of Katy Lands Amazon Fulfillment Center, But At What Cost?

Katy Texas Welcome Marquee

“A tree falls the way it leans. Be careful which way you lean.” As residents of Katy Texas are busy making their daily slog down the congestion of the Grand Parkway or the soon-to-be traffic debacle around what is arguably the most expensive high school football stadium on the planet, perhaps it is time to question the pursuit of endless … Read More

Senate Bill 2 Another Insult Among Many To Texas Homeowners

Houston Texas Property Taxes

Senate Bill 2, filed by state senator Paul Bettencourt (CEO of Bettencourt Tax Advisors) is another insult in the long line of insults to Texas homeowners when it comes to property tax reform. Mr. Bettencourt and several other senators authored SB-2 late last year after the committee Bettencourt chaired released a report on recommended changes to the Texas property tax … Read More

Texas Economic Development Fueled By Taxpayer-Funded Corporate Subsidies

Texas Economic Development Gone Wild

Texas economic development continues to be fueled by taxpayer-funded corporate subsidies. An estimated $1.4 billion in property tax revenue has gone uncollected in Texas from 2005 to 2015 as a result of Chapter 313. These are the findings from the state auditor’s report in October 2016. As Texas Observer detailed last year, the free lunch to corporations doing business in … Read More

Monkey Business – Expert Says Affordable Homes Are Going Away

Affordable Homes

Affordable homes are going away. With the prospect of rising rates, now is the time to buy a home. That is apparently the opinion of Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M. Torres, in a rather interesting piece in the Houston Business Journal seems to be confident that Houston’s real estate market is on … Read More

Reign Of Economic Error Continues To Plague Housing Market

New Home Sales

The reign of economic error holding back the U.S. housing market was on display again this week. New home sales for December came in well below estimates, falling 10 percent from the November euphoria. The National Association of Realtors reported that existing home sales softened to a seasonally adjusted annual rate of 5.49 million in December. That was a 2.8 … Read More

The Unprecedented Failure To Prosecute Big Finance

(Updated 10-12- 2016) You can file this one under the best government (and “justice”) money can buy category. What many have intuitively suspected for years is now coming out into the public domain. The undeniable truth is that for the last 8 years Washington has been a handmaiden for Wall Street interests. There is no longer any question about this. … Read More

Fed Looks At Texas’ Affordable Housing Problem, Fails To Look In The Mirror

The Federal Reserve can be commended on one thing. They never cease to provide entertainment in terms of their complete ineptitude and functional obsolescence. The Fed continues to show no remorse for the damage they have inflicted on the general population and their destruction of what was formerly known as the U.S. housing market. The latest comedy from the Fed comes … Read More

HCAD’s Two-Tiered Property Tax System Exposed By Recent Apartment Deals

breakeven estimate

(Updated 9-28-16) The bills for your property taxes will likely be going out in the mail next month. In case you needed another reminder of the two-tiered property tax system here in the Houston area, we just received another reminder of the crony capitalism that passes for uniform and “equal” appraisal in the Texas property tax system. According to the … Read More