Speaking of the “bible-belt”, I know that TX didn’t have a bubble because they actually had stricter restrictions on mortgages and HELOCs than many of the “liberal” states. LTV is capped at 80%, only one HELOC is allowed, and HELOCs on primary residence were prohibited till the early 2000s. Those restrictions date from the 1800s and aren’t recent.
Re: Oklahoma – guess the great migration is reversing itself 🙂
Speaking to SF, I looked at Craigslist apt listings there recently out of curiosity. The place seems to have become more outrageously expen$ive than even Manhattan of late. $2k/mo for a sh!tty studio in a mediocre area? Nothx.
