According to the news reports, Rick Perry, Governor of Texas, (or as Molly Ivins used to say, the one with good hair — or something close to that), may announce that he is running for president. Wasn’t one Governor of Texas enough?
I know Texas very well (I have property interests there, I have recently sold a house there, I have lived there). If you exclude the extraction industry (oil and gas), the economy isn’t great and the total tax load isn’t all that low. They did well in 2008 partly because of rules regarding home loans that no one in congress (especially the representatives from Texas) wanted to apply nationally, and partly because they did not have a boom in housing prices. In California, the real driver in house prices is the land, not the house. In many areas of Texas land is available for new construction at very low prices. But new construction has been hit there also. It is hard for prices to collapse when they barely kept up with basic inflation since the 1980s.
Relative to the value, property taxes are high compared to California. Relative to the value, homeowners insurance is very high compared to California (even if you include earthquake insurance in California). Medicare billings are relatively high (probably for doctors to make up for all the uninsured, non-paying patients). Like any state, some schools are good, some are bad (I do like the rules regarding no-pass-no-play and the real enforcement of recruiting restrictions for high school athletes — unlike California no one starts for 4 different schools in 4 years, but these rules pre-date Perry by a lot).
Perry does not have many of the obvious negatives of the other Republican candidates, but he is also the unexamined candidate. But so far, he talks a much better game than he has played. (All hat, no cattle, as they say.)