Word: houstons
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Dates: during 1980-1989
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...contrast, has always been justly proud of its municipal competence. Politics in both cities are dominated by local business oligarchies, but the business men who run Dallas do it better. That former trading post's relatively orderly development could give it the long-term economic edge over Houston. "Dallas will probably be stronger," says Trammell Crow, a real estate mogul with stakes in both cities. "There's no reason to relocate in Houston unless you have...
Many Texans are willing to call it a draw. "Dallas was bigger first," says Houston Department Store Owner Robert Sakowitz. "Then Houston caught up. Now neither is in the other's shadow." Still, neither town seems able, or willing, to stop one-upping the other. Houston has a 44-acre Galleria complex of stores and offices, but Dallas will shortly have its own Galleria, one acre smaller and built by the same developer. Dallas has a gorgeous new city hall designed by I.M. Pei; Houston has the nearly complete 75-story Texas Commerce Tower, also designed by Pei, which...
...outside world, such competitiveness might seem a bit petty. After all, Dallas and Houston are both rich and flourishing, with low unemployment rates (under 5%). And the two cities compete less with each other for capital investment and prestige than they do with the nation's other cities. Above all, Dallasites and Houstonians have something of abiding importance in common. As Columnist Ashby says of the two rivals, "Their family name is still Texas...
...Kurt Andersen. Reported by Sam Allis/Dallas and Houston...
...women then decided to become joint owners of a $111,000 town house in an Arlington, Va., development that designs homes for unrelated buyers who double up to beat the high costs of homeownership. Similar developments are cropping up in Phoenix, Denver, Houston and Montgomery County, Md. The sharing is usually done by two young singles, but friendly couples and unrelated senior citizens beset by loneliness, as well as inflation, are also doubling up. The obvious cause of the trend is the decade-long escalation of housing costs and mortgage interest rates. At present, the average-priced new home sold...