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Old 08-03-2012, 09:39 AM
 
5,588 posts, read 9,866,812 times
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Quote:
Originally Posted by Marv101 View Post
Folks throughout Texas and most of the nation's midsection have been wondering for several years running what all the hullabaloo is about regarding a housing crash; no major city in the Lone Star State suffered a housing crazh a la SoCal, vegas or Phoenix, and the key reason was that zoning restrictions in texas are non existent, which is why a $200K house in Houston would cost 3-5 times that in large parts of California due to environmental obstructionism, as well as those 'slow growth' or 'smart growth' imbeciles.
How ridiculous a theory this is. Demand drives prices in California, not artificial restrictions. Unless you think the problem is the government wont let home builders build on water. Phoenix has no restrictions either, prices went up there purely due to speculation.
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