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Texas is just plain run well. The state barely had a recession because they had common sense regulations that stop the housing from skyrocketing in the first pl
by curt 13y ago
Texas is just plain run well. The state barely had a recession because they had common sense regulations that stop the housing from skyrocketing in the first place. It takes days not months or years to get building permits. Texas is a perfect example of how the country should be run as a whole.
- tdees40 13y agoIts 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.
- conover 13y agoI'm torn on the fire code thing (http://www.nytimes.com/2013/05/10/us/after-plant-explosion-texas-remains-wary-of-regulation.html?pagewanted=all&_r=0 http://www.nytimes.com/2013/05/10/us/after-plant-explosion-t...). It's one thing to eschew regulation but fire codes?