I hope not, because I just calculated that we have had a 32% increase in the physician population of our state since 2000. And that’s good news for Texas real estate.
Now a commenter offered a different look at Texas Real Estate. Can’t say I totally disagree with him, he’s spot on about property taxes:
Candy, keep on spreading propaganda about Texas’ economy. Keep believing that you will be able to pay the bills as a real estate agent. Texas has the nation’s highest property taxes (not to mention the nation’s highest homeowner’s insurance and highest closing costs), making Texas one of the worst states to buy real estate.
Stop cherry-picking inaccurate cheerleading pieces on the economy and real estate and start getting patched into reality. It’s a depression; a depression in real estate and a depression in the economy. And it isn’t going to end anytime soon.
So no cherry-picking. There is a real possibility that our government won’t be able to meet payroll in August. Social Security checks, military veterans, Medicaid payments to physicians and hospitals — the president has warned that without a budget deal by the August 2 deadline, “there may simply not be the money in the coffers to do it,” Obama told CBS TV. I have a tenant who depends on her social security check to pay rent. if she cannot pay it, then how will I pay my mortgage payments on the property? If this happens, truly the dominoes will line up.
Experts say such a default could cause a spike in interest rates, which we do not need right now, of course. That’s a gloomy national outlook, of course, and the current upward blip in home sales could very well be wiped out. That’s also national. If all of this happens, all states will suffer.
But do you agree with this comment? Glenn Beck may be loving Texas because we have created 4 out of every ten jobs in America and pay no state income tax, but our corporations pay taxes and our property taxes are among the highest in the nation. And many analysts say those jobs we are creating are not exactly for rocket scientists — many are low level clerical. Or the hamburger flippers at In N’ Out. Over at The Business Insider, Beverly Mann picks on that recent cheerleading story in the LA Times on Texas job growth written by Rick Wartzman, executive director of the Drucker Institute at Claremont Graduate University. Other states cannot duplicate our oil and commodities industries, but they can learn from our limits on taxes, regulations and lawsuits:
“At the same time — and this, of course, is the tough part for those on the left to swallow — it is clear that the state’s limits on taxes, regulations and lawsuits are contributing to the job machine. “The most important thing I think that’s happened to us is tort reform,” Fisher, the Dallas Fed president, has said. He added that when John Deere and other companies have decided to hire in Texas, they’ve been largely driven by steps the state has taken to cap non-economic damages in medical malpractice suits and to make it harder to bring product liability and class-action cases.”
She goes onto say that Texas is a “lowest-common-denominator state” for pro-business laws, which is why it is attracting businesses from other states, grabbing the hiring that would have gone elsewhere. Yet she says the numbers don’t prove that tort reform helped, because companies can get sued from other states, and doctors are not flooding in to work in Texas.
Wrong. Doctors are actually coming here in droves because of tort reform. Checking with the Texas Board of Medical Examiners, there were 33,622 licensed physicians in Texas in 2000, prior to tort reform. By 2005, there were 41,316 physicians, by January of this year there were 50,595 and 51,058 by May, 2011. That’s a 32% increase, some of which comes with our general population growth.
If we had NATIONAL tort reform, that would solve her other beef. We did some very good things in Texas which is why we created 43% of the new jobs in America from 2009 to 2011, a brutal period. Things may be bad out there, and they may get worse, but I’d still rather be buckling my seat belt in Texas