Post <blockquote><blockquote><blockquote>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. </blockquote> 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. </blockquote> 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.</blockquote>

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