Over the past few months, it has become commonplace for media outlets covering real estate in California to issue dire warnings about an upcoming collapse. After years of rising house prices, net migration, and growth in the San Francisco Bay Area, San Jose, San Diego, and Los Angeles areas, many experts have started to issue warnings that the trend cannot hold.
But while these predictions have been issued with relative frequency over the past year, the much-hyped slowdown has yet to show real signs of taking hold. This is probably due to the fact that, despite rising prices, California remains an incredibly desirable place to live and work.
There was a time when Texas was synonymous with wide-open ranges, natural beauty, oil wealth and a hardscrabble can-do attitude. But while the Lone Star State still maintains its proud traditions and unique culture, the average Texan in 2019 is far more likely to be an upwardly mobile suburbanite than a cowboy or roughneck, and booming hubs like Austin are putting Texas on the map as America’s next epicenter of tech development.