Surviving the downturn in Houston
AP:
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.
Once wedded to oil, Houston economy carries on despite bustThe 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.
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