Houston was impacted by oil slump. Try dallas, Austin, Salt Lake City, Phoenix and many Florida cities. Houston has very good income growth a few years ago. Silicon Valley had dot com bust as well
Not really sure what your point is @BAGB. Austin and Miami/WPB were on the list of places becoming unaffordable (and also high population growth map), and Salt Lake City is “expensive” when you compare median household income with median home price. Don’t know about Dallas and Phoenix.
19. Austin-Round Rock, Texas
• Cost-burdened middle-class households: 30.7 percent • Median single-family home value: $287,325 • Median household income: $71,000 • Homeownership rate: 57.6 percent
13. Miami-Fort Lauderdale-West Palm Beach, Florida
• Cost-burdened middle-class households: 38.6 percent • Median single-family home value: $263,245 • Median household income: $51,362 • Homeownership rate: 58.3 percent
The topic is about whether middle class can stay in a metro area or city. I don’t know the point of the data or research you throw out there. No idea what you mean by “expensive” or “unaffordable”, those words seems vague and you can interpret in many ways.
I have not heard that middle class in Miami, Austin or Salt Lake City have to move out of their metropolitan.
Anyway, I have said enough about this. I don’t believe I need to respond further