Dude… you have an itchy trigger finger. Texas I like, others hate, but at the end of the day it’s your call.
The fiasco will affect Texas just as much as Cali, it’s just that the actual losses won’t seem so high, but I still see Texas as getting hit hard. Lower salaries, and zero down loans were the norm there as well.
Take the market or area I know which is Dallas. Remember that property appreciation is very difficult in a lot these areas because it seems there is no limit to how far out new homes can be built. North Dallas is full? Then, build, Coppell, Richardson and Plano. Those fill up you have Friscon, McKinney, Wylie…
Same for Tarrant county. As the H-E-B area filled, you go north to Colleyville, Grapevine, Southlake, Keller, North Richland Hills, etc. What’s a few more miles of driving, and someone is always building new freeway.
This endless sprawl keeps property values down everywhere which hurts distressed sellers, which in turn causes NOT’s/NODs, and eventually foreclosures.
