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