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Namely this passage from the wiki, is what makes me wonder:

A virtual end of inflation in the American economy, together with overbuilding in multifamily, condominium type residences and in commercial real estate in many cities. In addition, real estate values collapsed in the energy states – Texas, Louisiana, and Oklahoma – particularly due to falling oil prices – and weakness occurred in the mining and agricultural sectors of the economy.

I'm not at all familiar with S&L beyond the name and want to know more.

Namely this passage from the wiki, is what makes me wonder: > A virtual end of inflation in the American economy, together with overbuilding in multifamily, condominium type residences and in commercial real estate in many cities. In addition, real estate values collapsed in the energy states – Texas, Louisiana, and Oklahoma – particularly due to falling oil prices – and weakness occurred in the mining and agricultural sectors of the economy. I'm not at all familiar with S&L beyond the name and want to know more.

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[–] • 1 pt (edited )

re "with overbuilding in multifamily, condominium type residences and in commercial real estate"

That's not what is going on today. We have problems getting building materials. As long as dems keep the supply chain screwed up, the high home prices can continue as there is no supply to meet demand when you can't get the windows you need to finish the house https://www.builderonline.com/builder-100/meeting-demand-the-2022-builder-100-next-100_o

As long as existing homes are being scooped up by Vanguard and Black Rock (I think it was mainly those 2) and others, and as long as people need a place to live/rent, the real estate won't collapse. Biden and the dems won't let oil prices fall either.

[–] • 1 pt

As long as existing homes are being scooped up by Vanguard and Black Rock (I think it was mainly those 2) and others, and as long as people need a place to live/rent, the real estate won't collapse. Biden and the dems won't let oil prices fall either.

This is what I figured. Anyone saying "oil will crash" is selling you something, or genuinely doesn't understand the basics.

[–] • 0 pt

We also have a problem with migration, all those niggers coming in legally and illegally are buying places to live. Housing prices will always go up with more people coming in.