Real estate prices in Texas crazy cheap?

[Jonathan Whatley]

Home insurance is also high in Texas. I only found one insurance company that wasn't charging an outrageous rate; I received probably over a dozen quotes. New builds in Houston are required to meet specifications to minimize flood damage. If you're buying a pre-Hurricane Harvey home on the first floor, good luck.

And if you don't purchase insurance, the property is basically unmortgageable.