Updated over 9 years ago on . Most recent reply
U.S. Oil/Gas Rig count down 60% in a year.
In a way this is good news since it may portend the end of the oil glut, but for all of those oil field workers, oil companies and suppliers this reflects a lot of pain. It will also be painful for landlords investing in oil heavy areas.
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Yeah, it's pretty bad here. Although we are beginning to see some opportunities in Oklahoma. Mostly I see wealthy people living paycheck to paycheck trying to sell their expensive homes because they lived beyond their means. I'm hoping to seize the opportunity and buy some more rentals in the next year or two