> Austin, Houston, and Dallas don't have very restrictive zoning or rules around new home construction, and they lap California in home building and have seen r

> Austin, Houston, and Dallas don't have very restrictive zoning or rules around new home construction, and they lap California in home building and have seen rents hardly rise at all not exactly true.. in htx new construction is all luxury, and many people are moving in from out of state; those that can afford it and want to can go to the luxury units and those have had price 'reductions' (from overpriced initial prices) but the 'regular' apts have seen rents rise quite a bit because the newcomers have squeezed the existing people into more competition for the cheaper units.. i posit that subsequently the emptier, overprovisioned high end buildings will start to fail, and become a glut of relatively high price condos, which will then cause the regular housing prices to go up..