OP answered his own question.
Houston has no zoning laws. Why are houses there so cheap?
-
Wow you guys all have strange definitions of cheap
I’m in London and any family home in a normal area (Fulham, Chelsea, Regents Park, Primrose Hill etc) costs £4MM minimum, even after the recent property market downfall. That’s about $5MMLondon is a s**thole
What are you on? There are some s**tholes within London, yes, but it’s the global hub of Finance, Commerce ,Culture, and Art, full of History, and full of lovely areas to live in (unlike NY where it’s Upper East Side or bust). What more could one want from a city?
-
What are you on? There are some s**tholes within London, yes, but it’s the global hub of Finance, Commerce ,Culture, and Art, full of History, and full of lovely areas to live in (unlike NY where it’s Upper East Side or bust). What more could one want from a city?
It's so obviously better than Houston on nearly every dimension. Of course it has higher housing prices, just like SF, LA, Seattle, or NYC.
-
Wow you guys all have strange definitions of cheap
I’m in London and any family home in a normal area (Fulham, Chelsea, Regents Park, Primrose Hill etc) costs £4MM minimum, even after the recent property market downfall. That’s about $5MMLondon is a s**thole
What are you on? There are some s**tholes within London, yes, but it’s the global hub of Finance, Commerce ,Culture, and Art, full of History, and full of lovely areas to live in (unlike NY where it’s Upper East Side or bust). What more could one want from a city?
'London ith full of hithtory!', he lisped before an acid attack
-
Geography matters. Because non-coastal cities usually can expand in every direction, supply curves are flatter. Hence, increases in demand yield smaller increases in price.
Houston is a coastal city, sort of, but it can easily expand north, west, and southwest with no barriers at all. Nothing but relatively unproductive flat land out there. And they just keep building it out.
-
Geography matters. Because non-coastal cities usually can expand in every direction, supply curves are flatter. Hence, increases in demand yield smaller increases in price.
Houston is a coastal city, sort of, but it can easily expand north, west, and southwest with no barriers at all. Nothing but relatively unproductive flat land out there. And they just keep building it out.
And in theory Houston could also expand across the flatland to the east without any barriers. But due to the lack of zoning, the east side has become so polluted by petrochemical plants that it's practically uninhabitable. Only the poorest of the poors would even consider living over there.
-
How does it compare with Chicago?
This thread piqued my curiosity.
- Foreign bro living in ChicagoMuch hotter weather (extremely hot and humid ten months in the year). No income taxes (!!). *Slightly* less corrupt city government. More geographically spread out. More polluted air.
-
How does it compare with Chicago?
This thread piqued my curiosity.
- Foreign bro living in ChicagoMuch hotter weather (extremely hot and humid ten months in the year). No income taxes (!!). *Slightly* less corrupt city government. More geographically spread out. More polluted air.
That sounds about right. -- Ameribro
-
How does it compare with Chicago?
This thread piqued my curiosity.
- Foreign bro living in ChicagoCome to Houston. More diverse, better food, better cost of living, our state isn't bankrupt, etc.
Oh yeah and Houston isn't segregated with sky high murde rates in black areas that Democrats ignore. Houston is blue, but we have sane Democrats running the city.
-
How does it compare with Chicago?
This thread piqued my curiosity.
- Foreign bro living in ChicagoMuch hotter weather (extremely hot and humid ten months in the year). No income taxes (!!). *Slightly* less corrupt city government. More geographically spread out. More polluted air.
Ten months is an exaggeration. It's 5 months and after after 8 it's fine to eat on the patio of a restaurant.
-
Geography matters. Because non-coastal cities usually can expand in every direction, supply curves are flatter. Hence, increases in demand yield smaller increases in price.
Houston is a coastal city, sort of, but it can easily expand north, west, and southwest with no barriers at all. Nothing but relatively unproductive flat land out there. And they just keep building it out.
Same with LA and it's still unbelievably expensive.
Houston is expensive near downtown and in the "cool" areas but you always have the option of buying a cheap huge house with a pool in the suburbs.
-
How does it compare with Chicago?
This thread piqued my curiosity.
- Foreign bro living in ChicagoMuch hotter weather (extremely hot and humid ten months in the year). No income taxes (!!). *Slightly* less corrupt city government. More geographically spread out. More polluted air.
Ten months is an exaggeration. It's 5 months and after after 8 it's fine to eat on the patio of a restaurant.
Nah, you’ve never lived there. People run the AC until late November.