>Texas and Atlanta have lots of land around them, but they did not have nearly the default problem of vegas and florida and california because they built a lot

>Texas and Atlanta have lots of land around them, but they did not have nearly the default problem of vegas and florida and california because they built a lot very quickly, so prices never rose dramatically. I can't speak for Atlanta, but it's not just "lots of land" in Texas that spared it. Texas had limits on HELOCs[1] that spared it of most of the carnage. [1] http://www.washingtonpost.com/wp-dyn/content/article/2010/04/03/AR2010040304983.html http://www.washingtonpost.com/wp-dyn/content/article/2010/04...