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Right now, yes. In the 80's it hardly grew at all, in the 90's it grew by a million, in the 2000's it grew by 350,000, now it's in a serious lull, mostly because of the state financial situation and the pension situation in the city that's stopping confidence. It's always changing based on what's going on, the economy, etc. Every city ebbs and flows. Booming cities don't boom FOREVER.
That's what I'm trying to tell them. Cities like Chicago, Philly, NYC, etc have already has their huge growth spurts and it didn't last forever. It would be very short sighted to think the Houston area will have high growth rates for generations to come. The city's growth rates will eventually start to slow down.
Houston will slow down no doubt. But it's when it will slow down. Houston will still grow for as long as there are jobs, and cheap housing. People are forgetting Houston has a robust economy, it's doesn't rely only on oil and gas as it did back in the 1970's and 80's.
When oil and gas die in the next couple of decades Houston economy and population will die with it. Stop lying to yourself. The world and the US with intelligent advancements will rely less and less on oil and gas which will equal high amount of product and less demand which big oil companies leave Houston and crash the local economy with it aka Detroit and the car industry leaving that area.
When oil and gas die in the next couple of decades Houston economy and population will die with it. Stop lying to yourself. The world and the US with intelligent advancements will rely less and less on oil and gas which will equal high amount of product and less demand which big oil companies leave Houston and crash the local economy with it aka Detroit and the car industry leaving that area.
This is not the 1980's. If a bust happens, it will effect Houston but not in a way that we saw back 30 years ago.
Houston will still grow, but the more it grows the more the cheap housing goes away if demand outweighs supply.
I really don't think housing is a problem in Houston, with 2.5 times the land area of a city like Chicago and less people. And I really don't see the demand outstripping the supply anytime soon. It's not located in a very desirable area and has tons of land to develop still.
I really don't think housing is a problem in Houston, with 2.5 times the land area of a city like Chicago and less people. And I really don't see the demand outstripping the supply anytime soon. It's not located in a very desirable area and has tons of land to develop still.
Chicago has a very large land area to develop on for decades to come. People that say Chicago is hurting and losing population, but that's not true, at least not today and for the forseen future. We going thru a little development boom that hopefully attracts more people to Chicago of all aspects.
Chicago is better positioned than many realize....cheap, flat devolpable land like Houston. But a much better urban infrastructure. if America goes the way of Europe and Asia in terms of urban development, Chicago will explode in terms of livability matched with affordability.. I don't see Houston ever investing in the urban infrastructure to create quite the same environment that Chucago not only inherited, but is already reinvesting in.
Chicago is better positioned than many realize....cheap, flat devolpable land like Houston. But a much better urban infrastructure. if America goes the way of Europe and Asia in terms of urban development, Chicago will explode in terms of livability matched with affordability.. I don't see Houston ever investing in the urban infrastructure to create quite the same environment that Chucago not only inherited, but is already reinvesting in.
Agreed although Chicago is not completely out of the recssion they looking to be on great position and heading in the right direction. This leads me to believe as far as development and growth we have not seen anything yet. The next 12-36 months are going to be exciting. Love him or hate him Rambo Emanuel gets things done! He demands action and has really helped get development and construction back on track fast. Went last night downtown and it's impressive to see the amount of construction projects going on in just a small area. Not only downtown but areas like Logan square, west loop, south loop are all experiencing a small boom, in Chicago terms.
When oil and gas die in the next couple of decades Houston economy and population will die with it. Stop lying to yourself.
Oil and gas won't die for centuries, and Houston is the energy capitol of the world, not the oil and gas capital of the world. If other resources are used Houston will still maintain the same prosperity.
And the economy is fairly diversified. It isn't like Houston can't grow without the energy industry (which, BTW, has pretty horrible fundamentals right now, with rock-bottom prices, but doesn't seem to harm Houston).
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