PEOPLE ARE TAKING A WAIT-AND-SEE ATTITUDE ………….
Texas in general is faring better than the rest of the country, but that could change. People
are still wealthy; this country is strong & so far Texas has been immune to what’s going on at a national level, but must be careful. We’re isolated from the national problems, but not
immune according to economist Dr. Mark Dotzour, Texas A&M U Real Estate Center.
Building seems to be off a bit, which is good to help get rid of inventory. Dr. Dotzour said we
needed to Trans-Texas corridor to help handle the 13 million more folks in Texas by 2030.
He also commented that using corn for ethanol is “absolutely WRECKING our economy”. 1/3 of
the corn crop is going to the gas tank & what has happened? Corn goes up. Wheat goes up.
Rice goes up. Oil goes up. The value of the dollar does nothing & gas is $3.50 per gallon.