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A major part of the Texas appeal is low cost of living. That won't last forever. As the cities get bigger, they will become known as destinations and prices will rise.
Even many of the jobs are just a virtuous cycle of new residents needing new services, and that cycle can come to an abrupt end as it did in AZ and NV.
Also, how much of the Texas economy hinges on the oil industry, and how long will that last? Similarly, how will sprawling Texas suburbia be affected if and when gasoline starts inflating like crazy?
Actually it's pretty simple: just think about all the reasons why California is not growing anymore, and then ask yourself, honestly now, will Texas be any different, once it reaches the same population density?
Texas (Houston specifically) survived the oil bust of the 1980's. I'm not too worried. Our economy has diversified a heck of a lot since then & we adapt with the changes.
Another thing to consider with California is it as been in anti-business mode for almost 20 yrs now, yet it still grew by leaps and bounds.
Economically, we are our own worst enemy when it comes to our regulations and taxes and attracting corporations. Once the people of California and their politicians realize we need to get back in business mode, watch out, the Gold Rush will begin again.
There is a point in time when the people of California will say we need to stop being so anti-business; there is talk already across the state. Yes, we have challenges because there are near 40 million people here, and yes maybe we have too many "social programs"; imagine if we fixed all that and became actively competitive like most other regions in the US. California has done everything possible to make it difficult for big business; texas has done everything possible to be pro-business; if California considers to be competitive again, then texas will never have more people then California in the next 100yrs.
There is a reason why California grew ahead of texas, the south, and other western metros in the last 75 years.....because were better!
Texas and California will always be enjoying a little friendly competition. Now that ain't so bad is it?! It keeps some good posts and views in City-Data.
It won't be in the near future, but I think Texas can eventually do it. Texas gained only a few hundred thousand on California from 2000 to 2010, so it'll be a while.
It won't be in the near future, but I think Texas can eventually do it. Texas gained only a few hundred thousand on California from 2000 to 2010, so it'll be a while.
Unfortunately, I believe Katrina had much to do with that gain.
Unfortunately, I believe Katrina had much to do with that gain.
Quote:
Originally Posted by HtownLove
didn't LA get a lot of Katrina Evacuees?
Quote:
Originally Posted by Canine*Castle
I don't know. I only remember that Texas acquired 250,000 of them, but I'm sure they're not all still here.
Canine*Castle, that is true about texas receiving the 250,000 plus Hurricane Katrina refugees. But alot, around half or so, have migrated elsewhere or returned back to their respective home states and cities. I just hope that they have recovered nicely from that whole ordeal.
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It keeps some good posts and views in City-Data.
