In the early 1980s, Houston was the poster child for housing crashes. When oil prices collapsed, the local economy went, as did jobs and home prices. Residential properties dropped 25% over a couple of years, and people looking to flee the city had to wait a month just to get a U-Haul. Prices have had a healthy recovery since then--maybe too healthy should oil tank once more.
房地产 vs. 股票 - Houston (图)
In the early 1980s, Houston was the poster child for housing crashes. When oil prices collapsed, the local economy went, as did jobs and home prices. Residential properties dropped 25% over a couple of years, and people looking to flee the city had to wait a month just to get a U-Haul. Prices have had a healthy recovery since then--maybe too healthy should oil tank once more.