Arguably the most serious threat facing the Texas economy is that of a severe hurricane strike. Government intervention in the windstorm insurance market has put billions of taxpayer dollars at risk on top of the damages to property that would occur.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...