Why Texas ranks #1 in financial distress: WalletHub report explained

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  • เผยแพร่เมื่อ 11 ธ.ค. 2024

ความคิดเห็น • 79

  • @damham5689
    @damham5689 วันที่ผ่านมา +55

    This is interesting. According to the Wallethub article used for this story, the top 10 states in most financial stress are all deep red states.

    • @trailerparkcryptoking5213
      @trailerparkcryptoking5213 วันที่ผ่านมา

      The entire country is in financial stress with an explosion of homelessness! Four years of blue DC admin! Big cities are falling to pieces, broke municipalities, homeless people and camps everywhere, soup kitchens, crime is up and welfare running rampant......all big cities are blue af....now the blue leaders are doing very well.....

    • @ThatJPGamer
      @ThatJPGamer 23 ชั่วโมงที่ผ่านมา

      Less workers rights = lower salaries and less benefits
      Less spending on education = less opportunity for growth
      Red states are usually (not always of course) the worst in many regards such as crime, education, salary, life expectancy, etc… How Americans don’t wake up and see that is beyond me

    • @daveb2280
      @daveb2280 21 ชั่วโมงที่ผ่านมา

      Yep. Where all the blue states moved to for the last five years. Let them all go bankrupt.

    • @A3Kr0n
      @A3Kr0n 20 ชั่วโมงที่ผ่านมา

      Red states are usually welfare states, too.

    • @x-men69-96
      @x-men69-96 19 ชั่วโมงที่ผ่านมา +1

      Bc they have more people and more broke people are coming to the states to find the solution from the blue states

  • @garrett7101
    @garrett7101 วันที่ผ่านมา +42

    Gotta pay for those $100k trucks!

    • @stoundingresults
      @stoundingresults 22 ชั่วโมงที่ผ่านมา +4

      Might as well go to truck driving school and buy a $90k used tractor with a 5th wheel

    • @user-hf2dr7sh4y
      @user-hf2dr7sh4y 21 ชั่วโมงที่ผ่านมา +8

      debt makes the Texas economy go brrrr. but at least they have Ted and Trump to give them a handout

  • @csmlouis
    @csmlouis วันที่ผ่านมา +26

    1) Upside down from car payment
    2) Buy now pay later (nationwide)
    3) Underbudget for home ownership
    4) Medical debt

    • @pmurtaConTom
      @pmurtaConTom 23 ชั่วโมงที่ผ่านมา +1

      This isn’t exclusive to Texas but rather the norm for your average American.

    • @mike-uw6wt
      @mike-uw6wt 21 ชั่วโมงที่ผ่านมา

      @@pmurtaConTom no one is saying exclusive but being #1 out of 50 is worth taking note of.

    • @Null-o7j
      @Null-o7j 20 ชั่วโมงที่ผ่านมา

      i need to buy now and "pay" later on some gold and silver from apmex ifuknawhatimsaying 😂😂😂

  • @djcesar7934
    @djcesar7934 16 ชั่วโมงที่ผ่านมา +12

    Don't worry Guys Diaper Don will make America great again any day now

    • @XxChuyoxX
      @XxChuyoxX 12 ชั่วโมงที่ผ่านมา

      No president is gonna rescue people who make stupid financial decisions.

    • @copaseticguerra9646
      @copaseticguerra9646 8 ชั่วโมงที่ผ่านมา

      Build that wall, deport them all

  • @djcesar7934
    @djcesar7934 16 ชั่วโมงที่ผ่านมา +10

    This is just the start of the pain that is coming😮

    • @reginafisher9919
      @reginafisher9919 6 ชั่วโมงที่ผ่านมา

      Oh yeah Trump is going to destroy this economy like you've never seen

    • @PenelopePitstop0078
      @PenelopePitstop0078 4 ชั่วโมงที่ผ่านมา +1

      Sadly, you are right.

    • @winstonsmith6204
      @winstonsmith6204 ชั่วโมงที่ผ่านมา +1

      Yup

  • @FoOtFoOt542
    @FoOtFoOt542 23 ชั่วโมงที่ผ่านมา +25

    Texans are going to be begging the federal government for help.
    So much for that proud self reliance bs.

    • @daveb2280
      @daveb2280 21 ชั่วโมงที่ผ่านมา +2

      Not even close. Texas has had a massive budget surplus for the last few years. Most of that surplus went to reducing property taxes.

    • @FoOtFoOt542
      @FoOtFoOt542 21 ชั่วโมงที่ผ่านมา

      @ Texas has no property tax. They have found other unconventional orifices to fuk you.

    • @GotKimchi
      @GotKimchi 15 ชั่วโมงที่ผ่านมา +7

      ​​@@daveb2280the point was about the people, not the state. The same people that preach for people to get off welfare and pull yourself up, yet are the ones in most debt lol

  • @gokoronkwo
    @gokoronkwo วันที่ผ่านมา +10

    Hurricane Beryl also caused a lot of distress for property owners.

  • @MarcosAntonius
    @MarcosAntonius 8 ชั่วโมงที่ผ่านมา +3

    Hardly anyone mentions how housing costs, including rentals, in the past several years in Texas have skyrocketed far beyond increases in wages, due to a plethora of issues ranging from large swaths of people moving here from other states, and other nations, companies relocating here due to tax subsidies, steep increase in property taxes, as growing communities struggle to afford new infrastructure to accommodate the growth. If a person didn’t have equity in property before the pandemic, they are paying a lot more after the pandemic for what used to be affordable. Costs are outrageous. Now throw in a labor shortage to build newer homes, it’s only going to get worse.

    • @mimim8532
      @mimim8532 4 ชั่วโมงที่ผ่านมา

      That’s all of the USA- not talking about it? Watch the news…so many videos on TH-cam about this very thing.

    • @PenelopePitstop0078
      @PenelopePitstop0078 4 ชั่วโมงที่ผ่านมา

      Yep 🥲

  • @rickyricardo9745
    @rickyricardo9745 5 ชั่วโมงที่ผ่านมา +2

    I've heard that "everything is bigger in texas", right!

  • @conanbeliever838
    @conanbeliever838 21 ชั่วโมงที่ผ่านมา +10

    Our property taxes are outrageous but our schools look like castles. It doesn’t make the kids smarter… Lower my f***ing property taxes.

    • @Null-o7j
      @Null-o7j 20 ชั่วโมงที่ผ่านมา +3

      no

    • @MrThatGuyYouForgot
      @MrThatGuyYouForgot 16 ชั่วโมงที่ผ่านมา +2

      As a born and raised Texas: Man have I have really gotten tired of hearing this. "Our property taxes are so high. Taxes in Texas are terrible". You guys are a broken record. Everyone says that like nobody has ever heard it. Everyone who's ever talked to a Texas homeowner has heard it... endlessly. Stop saying it. The average effective tax rate in Texas is almost at the bottom nationwide. Your overall taxes are low not high. Everyone just thinks paying one large bill is worse than paying the same amount in dozens of smaller bills. You're forgetting that Texas doesn't have a lot of large taxes other places do like a state income tax. You wouldn't even be happy if they did lower them. How do I know? Because they already did. They did it last legislative session and you're still complaining!

    • @conanbeliever838
      @conanbeliever838 14 ชั่วโมงที่ผ่านมา

      Says the man where his bills come to his mommy’s house. I open my tax bills you don’t. Can’t find a one in the past four years where it says your taxes will be lower this year. If you want to claim Texas is so great keep the lights on year round and stop making excuses why you can’t. So sorry to hear you were born stupid, I mean a Texan.

    • @mimim8532
      @mimim8532 4 ชั่วโมงที่ผ่านมา

      What a ridiculous statement- attacking education? Ok bud.

  • @joshuam4921
    @joshuam4921 17 ชั่วโมงที่ผ่านมา +8

    "Mexico will pay for it"

  • @pwu8194
    @pwu8194 22 ชั่วโมงที่ผ่านมา +7

    Texans are more open to filing for bankruptcy because homestead is protected. The same situation in North Carolina would not lead to bankruptcy because homestead is not protected.

    • @SilverSundownMachine
      @SilverSundownMachine 22 ชั่วโมงที่ผ่านมา

      What is homestead

    • @garrett7101
      @garrett7101 20 ชั่วโมงที่ผ่านมา +1

      @@pwu8194 that was my thought too - people run it into the ground then just file for bankruptcy, but get to keep their toys.

    • @kbyouknowbaby91
      @kbyouknowbaby91 6 ชั่วโมงที่ผ่านมา +1

      ​@SilverSundownMachine I think it applies to homeowners and how they can keep their homes/property in certain instances of bankruptcy.

    • @SilverSundownMachine
      @SilverSundownMachine 6 ชั่วโมงที่ผ่านมา

      @@kbyouknowbaby91 got it..I I’m a homeowner in NC , I should know this

  • @R7Romeo
    @R7Romeo วันที่ผ่านมา +8

    Causes: Petty landlords, evictions, civil proceedings, vehicle maintenance etc. etc. Yall be careful out there this winter.

  • @vcp93
    @vcp93 23 ชั่วโมงที่ผ่านมา +14

    Shock level ZERO 😂

  • @anthonymartinez4307
    @anthonymartinez4307 21 ชั่วโมงที่ผ่านมา +6

    Wait till nobody is there to work the hard labor it’s seriously in grave danger.

  • @Rayjack-m9o
    @Rayjack-m9o 15 ชั่วโมงที่ผ่านมา +2

    Property Taxes, Federal Income Taxes, Inflation and poor management of finances !

  • @johnc3525
    @johnc3525 23 ชั่วโมงที่ผ่านมา +20

    Not to worry, Chump's tariffs will save everyone in all those red states at the top of the list 😂

    • @PenelopePitstop0078
      @PenelopePitstop0078 4 ชั่วโมงที่ผ่านมา

      The horror show approaches ~ tick tock.

  • @Jeff-fv9rk
    @Jeff-fv9rk 11 ชั่วโมงที่ผ่านมา +2

    Bigger in Texas baby! Just can't stop laughing!

  • @alaningram2373
    @alaningram2373 5 ชั่วโมงที่ผ่านมา +1

    How about the relief texas gov has given elon to build baby build without paying?

  • @ViewerC7100
    @ViewerC7100 17 ชั่วโมงที่ผ่านมา +6

    But but but California

  • @United-States-of-Africa
    @United-States-of-Africa 23 ชั่วโมงที่ผ่านมา +6

    Trump will pay it

  • @ocfloydian
    @ocfloydian 23 ชั่วโมงที่ผ่านมา +6

    Everything is big in texas

  • @lucmarchand617
    @lucmarchand617 วันที่ผ่านมา +2

    We got same alberta when oil was 140 buck barrels sad but true.I saw worse in oilsands fort mcmurray lots waste there sad but true.

  • @dpi8599
    @dpi8599 วันที่ผ่านมา +10

    Overspending

  • @johnsullenger4397
    @johnsullenger4397 17 ชั่วโมงที่ผ่านมา +2

    We all know why

  • @CandlestickTV
    @CandlestickTV ชั่วโมงที่ผ่านมา

    Everything bigger in Texas!

  • @tim895
    @tim895 ชั่วโมงที่ผ่านมา

    Everything bigger in Texas 🤠😩

  • @ChosenOne6666
    @ChosenOne6666 8 ชั่วโมงที่ผ่านมา +1

    Good.

  • @blastinstarrecords3108
    @blastinstarrecords3108 วันที่ผ่านมา +11

    Its because they dont legalize marijuana. Period

    • @damham5689
      @damham5689 วันที่ผ่านมา +3

      How does legalized pot keep individuals from going bankrupt. The story isn't about state finances, its about individual people going into debt in the state.

    • @stoundingresults
      @stoundingresults วันที่ผ่านมา

      Folks would be stoned and thus stay home spending less money. Simple economics. ​@@damham5689

    • @blastinstarrecords3108
      @blastinstarrecords3108 วันที่ผ่านมา

      @damham5689 if we had more money ciculating in our economy, by legalization all the other states would love to have some TEXAS bud. But since people like you dont understand that a economy boost would give more jobs because there would be more money circulating. Banning hemp like they are trying to do just to get a fake reason to search, its not good for our state or economy. They want jail , not jobs. The people wont profit but the government will, clear unuff for you.

    • @blastinstarrecords3108
      @blastinstarrecords3108 วันที่ผ่านมา

      @damham5689 ok since, you dont know , if they legalize bud , there will be money circulating our economy here in Texas, they want to keep it illegal just to have a reason to search your vehicle, making it legal with make us money and jobs , not arrests by making it completely illegal, they want jails instead of jobs, the government wants to put people in jail to help there job system, instead whats good for the people. Jobs and circulating monetary systems to help better our economy.

  • @PenelopePitstop0078
    @PenelopePitstop0078 4 ชั่วโมงที่ผ่านมา

    Really? I thought it’d probably be Mississippi.

  • @elmiguel1405
    @elmiguel1405 ชั่วโมงที่ผ่านมา

    Who knew idiots were easy to rip off?

  • @xiongpaolee
    @xiongpaolee 2 ชั่วโมงที่ผ่านมา

    Everything's bigger there, right.

  • @captainsavem
    @captainsavem 19 ชั่วโมงที่ผ่านมา +2

    yes everyone leave for california and other democratic states, texas is no longer heaven for everyone

  • @snowman9642
    @snowman9642 3 ชั่วโมงที่ผ่านมา

    Property taxes 😅

  • @BuhodePiedra
    @BuhodePiedra 20 ชั่วโมงที่ผ่านมา +3

    Because you get what you vote for! Deerrrpppp