SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (72733)4/20/2010 2:10:50 PM
From: Bread Upon The Water  Respond to of 149317
 
"Texas has state laws that prohibited consumers from using home-equity lines of credit to increase borrowing to more than 80 percent of the value of their homes. The upshot: Dallas housing prices have fallen only 7 percent from their 2007 peak, according to the Case-Shiller index."

That's the reason it is doing better in a relative sense--IMHO.

As for the Oil/Gas fund idea--which I think is a good one--I attribute the differences in approach therein to many historical cultural differences between the two states.



To: koan who wrote (72733)4/21/2010 7:12:54 AM
From: Brumar89  Read Replies (1) | Respond to of 149317
 
Its called the Texas Permanent School Fund:

"The proceeds from the sale and the mineral-related rental of these lands including, bonuses, delay rentals and royalty payments, become the corpus of the Fund."

ritter.tea.state.tx.us

Look how much oil and gas Texas produces. why don't they form a permanent fund like Alaska did?

Maybe the Republican governor who started Alaska's fund got the idea from TX - who knows?


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News