More Texas?

Business week, this week, has four points in considering investing in real estate during a downturn. Remember, this is not a recession; it's simply a downturn due to rising interest rates and fuel prices. Point three (below) was very interesting:

"3. Think geography -- and value
Look for companies with more exposure to markets that have not had big run-ups in housing prices and less exposure to markets where prices have skyrocketed and will most likely come down. In other words: more Texas and less Florida."

Since Texas (especially East Texas) has had steady growth at a very even rate, the greatest opportunity is here..... not in places like Florida (or Las Vegas, or Arizona, or California, or a number of other high-end places). There's been no big run-up in pricing here, so investing here should bring a greater return on investment and be a safer place for your money.