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The cool-off from an oil price drop would be just that, a cool off; Houston's economy will still remain quite robust and active, just less so than when oil prices were high. Houston's dependency on oil has decreased to a point that other sectors have larger roles in driving Houston's economy than they did previously.
If escaping "crazy-cold" winters is all the OP wants weather-wise, then Houston would be a far better option climate wise than Atlanta; Atlanta still gets frequent winter weather events, while such weather is a matter of generations in Houston. Also, Houston may not have mountains or hilly topography, but it does have the lush, exotic, subtropical evergreen Gulf Coastal landscape, quite attractive to many, and actually has beaches and other such coastal scenery (which are not full of oil residue).
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Originally Posted by SkyIsTheLimt
About the cool off point, ExxonMobil, Shell Oil, Chevron, National Oil Varco, Baker Hughes, BP America and Anadarko are among the top 15 employers in the Houston metro area.. When 7 out of the 15 biggest employers in the area are cooling off and are going through budget cuts and hiring freezes if not lay offs, think about the impact it would have on the economy of the metro area for the coming years. I can already feel the palpable fear when I talk to my friend working in the IT department of one of these Energy companies..
Atlanta gets cold during some days of the year but that's mostly limited to a few weeks of cold spells otherwise most of the time the weather is bearable compared to Houston. I had to travel several times to Houston in one of my previous gigs and the humidity there is unbearable and 6 months in an year the weather really sucks.
Also once you are in Houston you are stuck in the middle of nowhere transportation wise unless you are willing to fly..Atlanta on the other side is within driving distance to Florida, several parts of the midwest and the east coast..
Chile, that poster does nothing more than make Houston sound like Eutopia. Houston was "hitting on all cylinders" for the past several years, while the rest of the top 10 metros (sans Dallas) were reeling because energy was staying strong. I said two years ago that Houston was going to drop off when everyone else starting roaring back. Then in came Niarobi and the other posters twirling and finger snapping in a Z formation telling saying that energy will evolve and stay strong for forever.
Now I for one am not here for watching folks losing houses, cars, and stuff, but Houston is on the finge of a bust. And it's not because the economy is THAT far gone... it's because folks over there went investing too much in a temporary period of strong growth. And Houston's economy ISNT that diversified, so I don't understand why folks went flocking there for the growth in ONE dominant sector.
Them cutbacks and layoffs ain't no joke. I would have had a lease with a option to break that lease in a minute.
Chile, that poster does nothing more than make Houston sound like Eutopia. Houston was "hitting on all cylinders" for the past several years, while the rest of the top 10 metros (sans Dallas) were reeling because energy was staying strong. I said two years ago that Houston was going to drop off when everyone else starting roaring back. Then in came Niarobi and the other posters twirling and finger snapping in a Z formation telling saying that energy will evolve and stay strong for forever.
Now I for one am not here for watching folks losing houses, cars, and stuff, but Houston is on the finge of a bust. And it's not because the economy is THAT far gone... it's because folks over there went investing too much in a temporary period of strong growth. And Houston's economy ISNT that diversified, so I don't understand why folks went flocking there for the growth in ONE dominant sector.
Them cutbacks and layoffs ain't no joke. I would have had a lease with a option to break that lease in a minute.
Everyone telling me how Houston was going the way of Detroit. I just wanted to see what you all opinion on the whole oil bust. But your right Ant131531, I see Houston taking a hit, but nothing that could derail it's economy.
Houston will take a hit, but it will be nothing like it was in the 1980's because the city isn't quite as reliant on the O&G sector now as it was back then, though it makes up a substantial part of the economy.
Sugarland is a nice suburb, but Alpharetta is too. Atlanta isn't exactly the economic powerhouse that it once was and the area as a whole was on a decline while Houston was booming, but you still have a lot of people who move to ATL thinking it is the land of milk and honey because they watch Love & Hip Hop or Real Housewives and think that's reality.
Houston will take a hit, but it will be nothing like it was in the 1980's because the city isn't quite as reliant on the O&G sector now as it was back then, though it makes up a substantial part of the economy.
Sugarland is a nice suburb, but Alpharetta is too. Atlanta isn't exactly the economic powerhouse that it once was and the area as a whole was on a decline while Houston was booming, but you still have a lot of people who move to ATL thinking it is the land of milk and honey because they watch Love & Hip Hop or Real Housewives and think that's reality.
Atlanta isn't on a decline...it's attracting a lot of large businesses again and economic forecasts are great for the area. It took a hit that was a little longer than most metros around the country, but it will come back very strong over the next 2-3 years.
Atlanta isn't on a decline...it's attracting a lot of large businesses again and economic forecasts are great for the area. It took a hit that was a little longer than most metros around the country, but it will come back very strong over the next 2-3 years.
I don't know why you think Houston is not going to be as "juiced" in the next 2-3 years. You're hoping it's not, and it shows.
I don't know why you think Houston is not going to be as "juiced" in the next 2-3 years. You're hoping it's not, and it shows.
Or I'm being objective. Look at all of the layoffs already in Houston. No one in their right mind thinks Houston will be at what it was over the last 2-3 years. You clearly do not understand Economics.
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