Image from hereThe Houston Chronicle recently printed an article on another of the reasons that Texas has been able to ride out the housing slump so well relative to other areas in the nation. The reason? The difficult lessons that the banks learned from the 1980s. Because of the hard lessons learned in the '80s, the bankers have shown discipline in their lending in the last decade, and it is this discipline that has saved Texas from suffering through many of the problems the rest of the country is struggling with.
The article also points out that the last census shows that Texas gained more people between censuses than there are total inhabitants in half of the United States. Because of this population growth, our state is the place to be for bankers and businesses. Just another reason it is great to be in Texas!
Read the article here.
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