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Oil and gas are a big part of the Houston economy. Houston is diversifying but both Phoenix a d Houston have much bigger problems coming than just worrying about the economies.
Ultimately they will both have similar futures. However the Houston msa produces more than double the amount of patents and way more than double the amount of startups compared to Phoenix. It also has almost double the GDP of Phoenix.
Dont forget that Phoenix has a lower birth rate and A HUGE AMOUNT OF MARICOPA COUNTY RESIDENTS WILL BE DYING OFF in the next couple decades.What will become of the retirement communities when all the Baby Boomers die off? Most of Maricopa Countys domestic migration Is retirees.
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