Even in Texas?
Much of south Texas avoided the housing bubble experienced in other major markets. I suspect that one reason is land is plentiful and the expressway system is well-developed, so people think nothing of living 20-30 miles outside the beltway, where land is quite inexpensive.
But in missing the bubble, one might have expected that Houston would also miss the downturn in the housing market being experienced elsewhere. But, then again, maybe not. This photo was taken earlier this week while I was visiting my son in Houston:
But in missing the bubble, one might have expected that Houston would also miss the downturn in the housing market being experienced elsewhere. But, then again, maybe not. This photo was taken earlier this week while I was visiting my son in Houston:
Category: Economics, Photographs Posted on
Tuesday, April 15, 2008 at 1:01pm
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