I live in Texas but okay. Houston is a nightmare of parking lots and garbage sprawl, I drive through it all the time.
In the end, the 500k number comes from new construction - that's your problem. New construction regardless of where you are right now is going to be rife with pork and substandard garbage - hell even Trump's giant pork barrel (sometimes referred to as a wall) recently made headlines... because some guys with saws cut a hole in it so big that they could drive a truck through it.
There's tons of housing inventory open in the Houston area and the Great State of Texas is damn sure not building anything new. I had my Grandparent's house in Houston appraised recently and their 1500sqft brick house was valued at about 140k in good condition. A far, far cry from anything in LA and the state can get something like that for pennies on the dollar.
|