So ....... why do you think the home prices in Dallas remained steady during the bubble and now only a moderate increase compared to other cities. I don't know for sure but my initial thought is LAND -- plenty of it, regulatory common sense and builders not escalating prices during the bubble just because they could. Also probably staying away from mortgage programs that damaged other markets. Could be a pro-business environment or lower unemployment rate than the national rate over the past decade. Not sure but I am hanging my hat on LAND! Plenty of it and at a reasonable price. How would you like to live in Las Vegas where homes lost 1/2 their value!
I find it interesting to note that the bubble was essentially over a 3-year period. How long will it take to get back the value in most states ----- another 3-years? Mortgage games and the lack of work compounded the decline of housing prices in most states but not Texas.
No comments:
Post a Comment