[Kapanda]

(08-30-2017 12:00 AM)Disco_Volante Wrote:  

IMO Houston won't recover. Pro-longed low oil prices, demographic change toward socialism (most recent mayors have been democrats), now this. Prior to this, zerohedge had extensive articles on Houston having the most vacant commercial spaces with companies downsizing. It's become obvious what happens if you buy property near the gulf of mexico....I can't imagine another wave of investment to rebuild it all.

Broscience with no empirical analysis behind it.

Quote:

From what I've heard Houston has been slowly turning into a shithole long before Harvey.

You heard wrong. Low unemployment, expanding real estate, expanding population size.