What Would the (Purported) Secession of Texas From The U.S. Mean to Texas Real Estate Values?

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MarioPiperni.com

Update 11/13: UnFair Park has a list of questions to be answered before we secede.  Surely you have heard of Micah H., an Arlington resident, who has petitioned the United States of America, technically the newly elected President of the United States, for permission to remove Texas from the rest of the country. In other words, secede, just like I want to do with Preston Hollow. Apparently if he gets 25,000 signatures within 30 days — which he has — this gets serious: a response is required by the White House. (What might President Obama say? How about “hell no!”)  In Micah’s words: 

“The US continues to suffer economic difficulties stemming from the federal government’s neglect to reform domestic and foreign spending. The citizens of the US suffer from blatant abuses of their rights such as the NDAA, the TSA, etc. Given that the state of Texas maintains a balanced budget and is the 15th largest economy in the world, it is practically feasible for Texas to withdraw from the union, and to do so would protect it’s citizens’ standard of living and re-secure their rights and liberties in accordance with the original ideas and beliefs of our founding fathers which are no longer being reflected by the federal government.”

Wow, Micah’s petition at 2:39 pm Monday had 25,285 signatures, well on its way to a presidential response. Let’s see, we have Rick Perry (dear Lord) and Ron Paul (better, I like him) and soon Senator Kay home. Maybe SHE could lead us! We could travel to Cuba and buy Cuban cigars at long last. We could export oil? Maybe all the ex-pat folks would move here. Not that we are the only state: We The People petitions have been filed in 19 states. Not sure how many signatures they have gathered, surely we have the most.

If six more petitions are filed, that’s HALF the U.S.  In any case, can you just imagine the ramifications for real estate ownership if this really, truly were to happen? Would values go up?

Yikes!

 

 

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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Comments

  1. Amy says

    That would be absolutely insane. I love Texas, but not enough to stay here if we secede! I guess I should start looking at some Colorado real estate.

  2. Amy says

    That would be absolutely insane. I love Texas, but not enough to stay here if we secede! I guess I should start looking at some Colorado real estate.

  3. Critic says

    Who is going to provide my unfounded social security upon retirement?
    Will my ridiculous Dallas city and county property tax amount increase and be deductible from my new Texas state income taxes ?
    So many questions to the secede scenario. Laughable and scary!

  4. Critic says

    Who is going to provide my unfounded social security upon retirement?
    Will my ridiculous Dallas city and county property tax amount increase and be deductible from my new Texas state income taxes ?
    So many questions to the secede scenario. Laughable and scary!

  5. b for bull says

    WHY HAS PRESIDENT OBAMA NOT ADRESSED THIS YET?
    WHY HAS HE RESPONDED TO THE PETITION FOR HIS ALE BEER RECIPE OF 12,000 SIGNATURES, BUT NOT 100,000 SIGNATURES AN IMPORTANT ISSUE!?
    FURTHER MORE, WHY AREN'T NEWS COMPANIES ASKING THIS QUESTION AS WELL? THIS IS NOT SOMETHING TO GLOSS OVER!

    • Max the Cat says

      Agreed! Texas should leave the Union. Little housekeeping first. All the military belongs to us and you'll just learn to live without Fort Hood, etc. Guess you'll have to do your own coast guard and boarder patrols. Texas will contribute to the Union's deficit by eliminating federal spending in Texas by $2,350 billion dollars per year. By the way make sure you have a good tax collection system and the that they are armed because Texans don't like to pay taxes. Bye, don't let the door hit you on the way out.

  6. b for bull says

    WHY HAS PRESIDENT OBAMA NOT ADRESSED THIS YET?
    WHY HAS HE RESPONDED TO THE PETITION FOR HIS ALE BEER RECIPE OF 12,000 SIGNATURES, BUT NOT 100,000 SIGNATURES AN IMPORTANT ISSUE!?
    FURTHER MORE, WHY AREN'T NEWS COMPANIES ASKING THIS QUESTION AS WELL? THIS IS NOT SOMETHING TO GLOSS OVER!

    • Max the Cat says

      Agreed! Texas should leave the Union. Little housekeeping first. All the military belongs to us and you'll just learn to live without Fort Hood, etc. Guess you'll have to do your own coast guard and boarder patrols. Texas will contribute to the Union's deficit by eliminating federal spending in Texas by $2,350 billion dollars per year. By the way make sure you have a good tax collection system and the that they are armed because Texans don't like to pay taxes. Bye, don't let the door hit you on the way out.

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