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Updated over 8 years ago on . Most recent reply

Cherry Meekins's profile image
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Cherry Meekins
  • from houston, tx
  • Member since Nov 13, 2016
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Cherry Meekins's profile image
Cherry Meekins's profile image
Cherry Meekins
  • from houston, tx
  • Member since Nov 13, 2016
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Cherry Meekins
  • houston, tx
7
Votes |
34
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Buying & Selling Real Estate

USGS: Largest oil deposit ever found in U.S. discovered in Texas

Cherry Meekins
  • houston, tx
Posted

Hi Community! 

Check out this article in U.S. Today: http://www.usatoday.com/story/money/nation-now/201...

What does this mean for Real Estate in that Area?

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Greg H.'s profile image
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Greg H.
  • Broker/Flipper
  • from Austin, Texas
  • Member since Jan 2, 2013
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Greg H.
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  • from Austin, Texas
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Greg H.
  • Broker/Flipper
  • Austin, TX
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

With oil at $45 a barrel it means nothing.  When oil gets back to $70-100 a barrel people bring in mobile homes and travel trailers and put them on any vacant lot they can find and charge big $$ in rent.  Oil goes back down to $40 they all go away.  I simplified and understand there is a lag in either directions

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