Surviving the downturn in Houston

AP:
Once wedded to oil, Houston economy carries on despite bust
The economy is more diversified now.  The Texas Medical Center in Houston is a city unto itself.  There are also tech jobs now.

The decline in the 1980's was a double whammy, because of the 1986 tax act which impacted investments in real estate at the same time the price of oil was dropping.

Comments

Popular posts from this blog

Another one of those Trump stories Ted Cruz warned about

Ted Cruz was right about Washington