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Lower property prices are due to lower restrictions on building/zoning in Texas (compared to California). Building a new house in Texas is easy and cheap; in C
by maxharris 17y ago
Lower property prices are due to lower restrictions on building/zoning in Texas (compared to California).
Building a new house in Texas is easy and cheap; in California it is nearly impossible, and very expensive.
- _delirium 17y agoSure, but that's pretty much what this whole article is about. (It also points out that another factor is Texas having more stringent mortgage regulation, which makes double-mortgage-fuelled property speculation harder.)