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Its resilience during the recession at least has something to do with oil. At least acknowledge that possibility.
by tdees40 13y ago
Its resilience during the recession at least has something to do with oil. At least acknowledge that possibility.
- saryant 13y agoA large part of it is because Texas had extraordinarily strict lending standards, enacted after the oil bust of the 1980's. That, plus our already affordable housing, meant that Texas didn't have a property bubble burst in 2008.