We learned from the 80's oil crunch when a lot of our banks went under. I don’t know the details, but I do know they changed some things so it would be harder to happen again. Our banks are doing okay.
It also helps that a lot of our economy is in the energy sector. It’s not just oil. I believe we have the largest wind energy production in the US.
Our housing market is not bad. In my area home prices were never over-inflated. In the 80’s you could by a 2500 sqft home for around 80 to 100K. Before the housing bubble burst you could get a 2500 sqft home anywhere between 140-160K in my area. After the housing bubble busted they are averaging around 150K.
So come on down. We have a good economy, mild winters and great Mexican food.
Off Topic » in reply to Be careful what you wish for.
The Economy here is pretty good right now.
The whole thread (53 posts)
- Where do dejected conservatives go?
- I think the word play zipped right over our heads last night.
- Wow.
- They are welcome here in Texas :)
- We in Canada shouldn't be so smug.
- The REAL question is what do Conservatives eat after this election!
- LOL! (n/t)
- Go?
- The Garden of Eden. A democracy created from the ground up for Conservatives.
- Poppies? (n/t)
- We begin to support our new President!! :) (n/t)
- To bed, perchance to dream.
- re: Where do dejected conservatives go?
