Recent sale of new construction in Houston:
220 sqft: 136,000
There is no bubble in Houston. The values here are as good any in the nation and better than most, particularly for a large metro area.
California writers like to pretend that their particular madness is endemic to the nation. We don't live in California, partly for the reasons cited in the article and for others. Houston housing is a great buy and will stay that way for some time.
Som of these California real estate goobers are hard to take seriously.
That would be 2200 sqft. Sheesh...
No, Houston housing is cheap. No one moves to a place like Houston voluntarily. Coastal California real estate can become overheated and overpriced, as it is now, but the underlying demand will always be there. Barring a major aerospace resurgence, there is nothing in Houston likely to create demand, so those cheap houses are going to stay cheap. And even at their currently low prices, they have more potential downside than upside, and will likely lose value in the event of a real estate downturn.