Why did the real estate market bubble so high in SoCal, NV, and FL and not so high in TX, CO, IL?
Some states had much higher real estate bubble price run ups during the early 2000s. Parts of SoCal, NV, and FL are states that really ramped up. However, other states didn’t bubble nearly so high? The lending rules were pretty much the same, the rates were the same, the national economy was pretty much the same. Why wasn’t the bubble basically equivalently felt everywhere?
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