You're socialist, we used to be free market.
Christopher A. Young
Learn more about Jesus
Well, you see, Canada actually has regulations in place that actually
PROTECT the people. In the USA, the regulations are written so that certain
elements can legally rob everyone else blind.
On 04/05/12 04:33 pm, firstname.lastname@example.org wrote:
the people. In the USA, the regulations are written so that certain elements can
legally rob everyone else blind.
Australia did OK too, thanks to sensible regulations.
However, somebody said that Texas actually did better than some of the
other US states because it had laws that were called "personal property
protection laws" -- pretty much the same as "consumer protection laws"
in other places, but they couldn't call them that because the latter are
The states that suffered the worst collapse in terms of forclosures and
value declines were the ones that were over-built in terms of
speculation (second homes, vacation homes, etc). This included Florida
I don't think Texas saw much in terms of over-supply of homes because
it's not a desirable place to have a second home for, say, someone
living up north or east coast.
I think that Florida and Nevada also don't have state income taxes,
which can also influence people's decisions on where they want to live
or have a second home.
Shows what you know. Why we are just now recovering from our preimer social
event - The Harris Count Livestock Show and Rodeo. The attendance at the
show exceeds the annual attendance of the Texans, Rockets, and Astros.
Pet the llama. Tease the bunnies. Marvel at the size of a thoroughbred
race-horse or Angus bull. Tormet the chickens. Hear so much country music
your teeth get loose.
The show only happens once a year, but it takes six months to get ready (new
custom boots, etc.) and six months to get back to normal.
On the other hand, we didn't build the first air-conditioned sports stadium
to be ostentatious (well, maybe a little bit). It was required.
Texas doesn't have an income tax either. There are nine states so situated.
In addition to the above three, the remaining ones are:
Better than some but Central TX did better because of the stronger than
average economy. New home construction came to a stand still. It's
picking up a little. Nothing to get excited about. I'm not sure about
the CPLs. Parts of TX suffered along with the rest of the country,
Texas law, for example, prohibits a home mortgage for more than 80% of the
appraised value. Many homeowners in my state were hit along with the rest of
the country, but we didn't have anywhere near the percentage of defaults as
were seen elsewhere.
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