Which option best identifies why the sequential development of the boom-and-bust cycle in
the Texas real estate industry occurs? (1 point)
Real estate is connected to the oil industry. When oil is booming, most people can afford to
purchase real estate. When it busts, many people stop purchasing.
Real estate is connected to the greater economy. When the economy is busting, many
people can afford to purchase real estate. When it booms, many people stop purchasing.
Real estate is connected to the cotton industry. When cotton is booming, most people can
afford to purchase real estate. When it busts, many people stop purchasing.
Real estate is connected to the greater economy. When the economy is booming, people
can afford to purchase real estate. When it busts, many people stop purchasing.