Its resilience during the recession at least has something to do with oil. At le... | Hacker News

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		tdees40 on May 30, 2013 \| parent \| context \| favorite \| on: Why so many people are moving to Texas Its resilience during the recession at least has something to do with oil. At least acknowledge that possibility.

saryant on May 30, 2013 [–]

A 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.

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