Ferrari Mailing List: Re: NFC: Texas first time homeowner's link?

[Ken Rentiers (rentiers]

On Jan 19, 2007, at 7:42 AM, Tom Reynolds wrote:
> Can anyone in Texas (Taxes?) tell me their take on the following link?
>
> http://www.tdhca.state.tx.us/sf/fthb/index.htm
>
> Is it for first time homeowners or first time TEXAS homeowners?  
> (Have owned homes before but never in Texas?)
>
> Thanks very much,
> Tom Reynolds
> Tulsa, OK
> Just thinkin'...


Tom:

This is some kind of assistance offered to low-income buyers who wish  
to purchase and occupy a residence in Texas. Besides having a low  
income says must home be your first home, or else you have not owned  
a home in three years. Not clear on whether a home owned elsewhere is  
OK; assume the worst.

Keep in mind that a State Income Tax is unconstitutional here, so  
Texas relies on  relatively high property taxes in addition to  
penalizing drinking, smoking, gambling and driving your Ferrari at  
reasonable rates of speed. (for Italians). They have also attempted  
imposing a f**k tax on a per-stroke basis, but people refused to put  
on the meters. Woo-hoo!

Just another example of primary form of activity of all Western  
governments: income redistribution.

ken in TX