Who knew that big ol’ Texas was such an economic powerhouse these days?
BusinessWeek presented its Top 40 strongest U.S. metropolitan areas based on a study by the Brookings Institution considering employment, gross metropolitan product, and home prices.
Texas cities dominated the list, placing six metros in the Top 12.
Fort Worth/Dallas ranked No. 5. Our “sprawling, vibrant, and diverse metro” was lauded for its major international airport, pro sports, and big corporations. And our home prices actually increased a bit compared to the previous year — pretty rare in this nationwide recession.
San Antonio topped the list, followed by Austin-Round Rock (No. 2), Houston-Sugar Land (No. 9), El Paso (No. 10), and McAllen-Edinburgh-Mission (No. 12).
I watch Flip This House and other real estate oriented shows on HGTV Network and I’m amazed at how much houses sell for in other parts of the country compared to good ol’ Texas. A friend of mine who hails from Texas but now lives in Los Angeles said houses out there are about four or five time more expensive, but people’s incomes aren’t even double what they are here. She knows people whose mortgages and utility bills take up about 80 percent of their income.
Eventually Texas home prices will get more in line with the rest of the country, which, I suppose, means the smart thing to do is to buy a house in Texas while prices and interest rates are low.
I’m no financial wizard and have no credentials for giving financial advice, so take it with a grain of salt, a wedge of lime, and a shot of tequila.
If you get in the stock market, buy low and sell high.
D/FW A Top 5 Metro In U.S.
From
9 p.m. to 4 a.m.
on
Friday
at
the Where House
(2510 Hemphill St. on the South Side), the
Funkytown Fall Festival
will take place, featuring (in order of appearance)
Goodwin
,
Sally Majestic
,
KatsüK
,
Spoonfed Tribe
, and
Pablo and the Hemphill 7
, with
DJ Apogee
s...
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Conductor Miguel Harth-Bedoya started the
Fort Worth Symphony Orchestra
’s preseason Music Festival some years back to provide summer employment for the musicians while at the same time exploring offbeat programming. Beginning with four-day surveys of ...
OPENING:
Going the Distance
(R) Drew Barrymore and Justin Long star in this comedy as a New York couple who hook up with each other six weeks before she moves permanently to San Francisco to finish grad school. The script is surprisingly serious in its...
I guess you guys don’t tell each other what you’re posting…
That would require organization and communication.