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Tuesday, April 18, 2006

Texas Blackouts - Record heat means trouble

Record heat yesterday – and it is only mid-April! Over 100 degrees in parts of the State – and rolling blackouts in Texas! How strange is that? Gas prices are surging.

Since the election ended, my legal practice has really taken off. Houston is part of a boom in real estate. Our area is expected to double in size the next 20 years, so opportunity is knocking (no pun intended) all over the place. One man bought a house in the Woodlands for $200,000 and excitedly told his friends that back in Connecticut the same house would be $1 million! Yep, more Yankees will be moving south!

I say bring them on. Except now the “Yankees” are from all over the world. Most Houston real estate is being financed from foreign sources – without it the boom would be a bust. This record heat spells trouble - we could have another mean hurricane season. We lost a month or more of business last year with the Katrina/Rita scenario. It was 100 years ago today that an earthquake struck San Francisco. At least you can see a hurricane coming and get the heck out of the way (as long as 2 million people don't try it at the same time).

OK, a word about politics. I got an email a couple days ago from a Ft. Bend precinct chair regarding the replacement of Rep. DeLay when he resigns (in June?). Apparently they are getting hit from a lot of wannabe Congressmen/women who want to jump to the front of the line to be “the chosen one.” It should be an interesting fight. Too bad the people don't get to make the pick as envisioned by our founding fathers...

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