Dallas Emerges as Magnet for Wealthy Buyers as High Taxes Weigh on Luxury Markets, Broker Says

Dallas emerges as magnet for wealthy buyers as high taxes weigh on luxury markets, broker says

Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global brokerage The Agency."That trend is definitely happening," Umansky told FOX Business of affluent residents leaving high-tax blue cities and states. "… But not only tax friendly — business friendly.…

Red States Are Racing to Roll Back Property Taxes

Wall Street Journal: “North Carolina, Wyoming, Florida and Oklahoma all have some kind of property-tax limit or rollback on the ballot this November. This follows bills passed in more than 10 states since early last year, including Iowa and Georgia recently, aimed at hemming in a growing source of frustration for many homeowners. Lawmakers in […]

Financial News Network - Dallas emerges as magnet for wealthy buyers as high taxes weigh on luxury markets, broker says

Mauricio Umansky says taxes and regulation are playing a bigger role in where wealthy buyers choose to live and invest, with Dallas emerging as a key beneficiary.Read More …