Wow, that’s amazing considering the low price of housing. The only way I can expain it is that Texas has it’s own brand of economy.
When I lived in Plano in the late 80’s when the bubble burst it was surreal. In every tract from the lowest to the highest socio economic level there were vacant homes just left open 24 hours a day. You could just walk in and have a look. I coined the phrase Tract Mansions – gaudy huge (ugly) homes one after another. There was one I did like and used to visit it regularly just in case we were in pergatory and didn’t know it and couldn’t get out – one day I walked in and it struck me that the place was furnished, then I realized it had sold and someone was living there.
After really getting into just walking through vacant homes alone it dawned on me that it probably wasn’t safe – I mean these places were BIG and EMPTY and no telling who or what was hanging out in there!
My experience in Texas (at least the Dallas Metro area) was that Texans like to live large and it is easy come easy go. Realized early that we didn’t want to settle there so we just rented.
