According to Forbes Houston, Texas is likely to whether the Mortgage Crisis with little down side. They came to this conclusion after doing a study of the 40 largest metro areas based on job growth expectations, median household income, cost of living, and median home sale price. After there completion of the study they found that Texas is the place to come if you are looking for a safe harbor from the U.S. recession. As four of the top ten cities in there study were all from Texas In Depth: America’s Best Bang For The Buck Cities – Forbes.com
To find where your money goes farthest, we began by looking at projected job growth through 2012 in the country’s 40 largest U.S. Census-defined metropolitan areas with data from Moody’s Economy.com. We then calculated the ratios between each city’s median house price and median household income, using the latest U.S. Census figures and data from the National Association of Realtors. Next, we compared median income with Moody’s cost of living index. Job growth figures and the ratio of cost of living to income were more heavily weighted to ensure the list showed value, not just cities that are cheap.
