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Why does the article say "US" when it goes on to say that there is a surplus in 5 states? Does housing in Texas and Florida have some impact on Oregon or Califo
by tayo42 2y ago
Why does the article say "US" when it goes on to say that there is a surplus in 5 states? Does housing in Texas and Florida have some impact on Oregon or California or Maine?
- rchaud 2y agoBecause economic contagion starts from the banks, not the home builders. Home prices in TX will eventually have an impact on mortgage bonds issued by a New York bank.