Houston19514 Posted March 15, 2007 Share Posted March 15, 2007 (edited) Nobody disputes a bunch of condos were built during the early '80s. Basically everything (apartments, office, retail, etc.. ) was overbuilt here then, as oil was on its way to $100 per barrell and Houston was the center of the world. And then the bust, over 100,000 people left town, and we had an overhang well into the '90s. But if we dispassionately look at the number of condos built- and their success- over the past 5-10 years, Houston lags behind its peer cites (Dallas and Atlanta, primarily).Could be, although, other than the infamous and unreliable "common knowledge," nobody has shown that to actually be true. Seems like it might be, but I really don't know... In any event why do you insist on focusing only on the buildings built in the past 5-10 years? It seems likely that, if it's even true that Dallas and Atlanta have added more in the past 5-10 years, they are only now starting to catch up to the level Houston has had for quite some time. (And by the way, Houston wasn't the only city overbuilt in the 80s. Dallas was too, and they still haven't absorbed all of the overbuilt office space downtown.) Edited March 15, 2007 by Houston19514 Link to comment Share on other sites More sharing options...
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