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Message
re: Texas economy is cratering
Posted on 3/30/15 at 11:03 am to LoveThatMoney
Posted on 3/30/15 at 11:03 am to LoveThatMoney
quote:
Houston, Dallas, Austin, and San Antonio are fine,
It could definitely hurt Houston. Not in a Detroit kind of way, but it could be quite a bump.
1
Posted on 3/30/15 at 11:32 am to RogerTheShrubber
quote:
It could definitely hurt Houston. Not in a Detroit kind of way, but it could be quite a bump.
Could? Sure. You're already seeing it affect real estate insofar as stuff isn't selling like hotcakes anymore and a lot of developer financing has halted for new projects. Projects in progress are still going, though. Unless oil doesn't recover at all, Houston will be fine.
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