The Texas Public Policy Foundation recently commissioned Stephen Moore, Donna Arduin, and Arthur B. Laffer to evaluate the state’s fiscal health. This synopsis summarizes the serious problems diagnosed by the economists as well as the prognosis for a healthier Texas economy.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...