Quote:
Originally Posted by Marv101
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.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
