The high level of regulatory intervention and resulting uncertainty brought about by prior approval has become a major problem. One significant aspect to this is the lack of capital commitment to the Texas homeowners’ market.
Housing Affordability: Overview and Model Legislation
Burdensome regulation coupled with tax-and-spend policies has led to a housing affordability crisis in Texas. Key points: In the last four years, the median housing price in Texas has outpaced the income of Texas families. Property taxes play a large role in the costs of housing and at a rate of 1.66%, Texas has the...