Texas is one of the fasting growing states in the union, so the idiots running things must be doing something right.
Your reductive reasoning is palpable. People will move to Texas in the near term for the promise of low COL, but I wonder how many massive power grid failures it will take for the rich to begin fleeing for greener pastures.
When my dads family grew up in the 1950s, the allure of buying a cheap bungalow in a lemon farm outside LA felt like paradise…
It had (ahem) some externalities, and wound up collapsing. Fast growth isn't inherently a sign of something being done right, or we'd be talking about Zynga a lot more.