I rent, and a first home feels out of reach. What does independence mean for me?
On this page
Two of the biggest forces on what your rent and a starter home cost are set in Washington today, by people no Texan can vote out.
What is set in Washington now
Washington sets the interest rates that fix a mortgage payment, and it prints the dollars that drove the inflation underneath home prices and rents. The dollar has lost about 22 percent of its buying power since 2020, by the Bureau of Labor Statistics’ Consumer Price Index. A 25-year-old saving for a down payment has watched that money shrink while saving it.
What is known about independence
TNM does not claim that independence lowers rent or home prices by any amount. What changes is who decides. An independent Texas would set its own policy on the things that move housing costs, and Texans could remove whoever set it wrong.
The bottom line
The decisions that shape what your first home will cost are made today far from Texas. Independence brings them home. What Texas builds next is ours to decide.
Sources & further reading
Go deeper
More in Life in a Free Texas
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- How would independence affect the film, music, and entertainment industries here?
- What is the single biggest way independence would touch my life?
What this week means for Texas, and what to do about it.
Every week, Daniel Miller picks the two or three stories that actually moved Texas independence, tells you what they mean, and names one thing you can do about it. Short enough to finish in one sitting. No press releases, no filler. Add your name.
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