Why Texas is America's Future, Keep Houston Ugly, Save the Dome truck, and more
Just a few smaller items this week:
The lower house prices, along with a generally low cost of living — helped along by cheap labor, cheap produce and cheap gas (currently about $3 a gallon) — really matter when it comes to quality of life … Texas has a higher per capita income than California, adjusted for cost of living, and nearly catches up with New York by the same measure. Once you factor in state and local taxes, Texas pulls ahead of New York — by a wide margin.
What it all adds up to is a future where many more Americans live in Texas — and much of the rest of America looks more and more like the Lone Star State.
Among the policies Cowen proposes as we move into this future: cheaper education (to allow workers to upgrade their skills), looser building and zoning regulations (to radically reduce the price of housing across America), and a loosening of occupational licensing at the state and local level (to open up many more low-skill jobs).
Texas, he writes, is “America’s America,” where Americans go when they need a fresh start. And a little more Texas could go a long way.
Labels: affordability, Astrodome, demographics, home affordability, identity, land-use regulation, perspectives, smart growth