Originally Posted by
gimmethesimplelife
Good question. This is going to make rebuilding in Houston (or elsewhere, really) sticky for many people. I wonder if Houston may become something like Detroit - there are actually people who have moved to Detroit and have accepted the risks of living there due to the ultra low housing costs. There's actually a community of entrepreneurs there that praise the place as a cheap place to get a business off the ground.....Though in Houston's case, with the petroleum industry there, I don't know how low land valuations could realistically sink. There's more market forces invested in getting Houston rebuilt than Detroit, at least in my mind. Rob