Want to turn some heads at your next cocktail party? Tell people that buying real estate in Texas is a better bet in the short term than investing in California. It might sound bizarre, but it’s what some real estate gurus are telling their investors.
To get a feel for which real estate markets were hot in 2005 and in previous years, you could practically throw darts at maps of California and Florida to find winners. Arizona and other Sun Belt areas didn’t perform too shabbily either.