I personally have some concerns that the auto industry will continue to decline and diversification won't happen fast enough, so it might be a bumpy ride ahead but I'm still positive about the city.

If you have a multi pronged investment strategy that will give you diversification.

What you will learn in sports will help you big time investing in stocks and RE diversification; including wealth building..  

Diversification will also help spread your risk across properties.

It's called a diversification exchange. 

That said, the Houston market is still a great market to enter due to the diversification of major employers, job growth, population growth and business and landlord friendly laws (State of Texas). 

As  equity builds I pull it out to invest in other vehicles paying higher returns for diversification and reducing my risk.

The important component of diversification is to understand what you're investing in first prior to taking action. 

I would definitely take the diversification route if I were in your shoes.

That is why insider sales of stock are closely watched even though we all recognize the value of diversification or the desire to spend earnings on consumables.