The housing market is expected to recover, but the “glory days” are over for good according to many real estate experts. Housing used to not only provide shelter but also fuel the economy by putting a little padding on homeowners’ investments.

Whether it was vacations, golfing, or going out to eat, the 20th century housing market was the good era for investing in Colorado and Texas real estate, which now some say, is gone for good.

“There is no iron law that real estate must appreciate,” said Stan Humphries, chief economist for the real estate site Zillow. “All those theories advanced during the boom about why housing is special — that more people are choosing to spend more on housing, that more people are moving to the coasts, that we were running out of usable land — didn’t hold up.”

The real estate crash interrupted the dreams of many who were buying Texas and Colorado homes to make cash. Those days of buying and a quick flip are now gone.

For the first half of the 20th century expectations were on a different path. Houses were viewed the way cars are now: as a consumer durable that the buyer eventually used up. Colorado and Texas were both hotbeds of real estate activity, although not the hardest hit by housing crisis.

Contrastingly, a lawyer in Phoenix paid $200,000 for his home originally, and saw a listing for his neighbors home five years later was priced at $500,000. He figured once his children were out of school he could sell the house, make a profit, and buy a boat to sail around the world.

Now his home is valued at the same price he paid for it originally. The future of real estate investments is not completely known, but one thing you don’t have you worry about is your Texas Mortgage needs because the fact is, you will always be taken care of by Encompass Lending Group.