Post <blockquote><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> 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. </blockquote> This is false. Where is LA metro going to expand to that it hasn’t already? Into the desert?</blockquote>

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