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Supply, Demand, Great Music, And BBQ
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How important is the housing market to a local economy? Compare places like Las Vegas, where overbuilding led to a complete collapse in the market on all levels, to a city like Austin, where demand stayed high, inventory stayed relatively limited, and the economy didn't tank nearly as badly. Housing is a major component of the economy, and until that's fixed on a national level, there isn't going to be much of a rebound. (Austin American-Statesman)
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