When compared to the rest of the nation, the real estate collapse in Texas was

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The real estate collapse in Texas was less severe compared to the rest of the nation. While Texas did experience a downturn in the mid-1980s due to falling oil prices and overbuilding, it recovered relatively quickly due in part to the state's diversified economy and low regulations that helped attract new business and investment. While property tax rates in Texas are generally lower than in other states, they did not play a significant role in remedying the real estate collapse. Increased production of oil and natural gas may have boosted the state's economy in general, but it did not cause the real estate collapse.

When Compared to the Rest of the Nation, the Real