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Old 02-01-2010, 01:57 AM
 
Location: Casa Grande
61 posts, read 147,889 times
Reputation: 81
Default What is Oklahoma City's economy based on? Is it a stable economy or

What is OKC's economy based on? Is it a stable economy or a stagnant economy?
There was no housing bust because there was no housing boom, so the question is ... is Oklahoma City a stagnant area or an area of growth.

AND again, what is the economy based on.
THANKS!
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Old 02-01-2010, 02:49 PM
 
Location: Stillwater, Oklahoma
8,482 posts, read 6,081,245 times
Reputation: 2456
There is a housing boom, not a very huge one, though, and OKC's economy is based on gas and oil (as reflected upon the 50 story Devon tower going up) along with state government administration. As long as energy prices don't go real cheap, the economy will better than just stable.
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Old 02-03-2010, 06:14 AM
 
Location: Oklahoma City, OK
519 posts, read 969,552 times
Reputation: 360
Quote:
Originally Posted by mybookroom View Post
What is OKC's economy based on? Is it a stable economy or a stagnant economy?
There was no housing bust because there was no housing boom, so the question is ... is Oklahoma City a stagnant area or an area of growth.

AND again, what is the economy based on.
THANKS!
City-data has a pretty good article: http://www.city-data.com/us-cities/T...y-Economy.html

I characterize it as stable but slowly growing. A factor in housing in my opinion is that there are many local developers and builders and few large, national builders. I think this has helped dampen the housing boom here.

Good luck.
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Old 02-03-2010, 07:40 AM
 
Location: SE Oklahoma/Northern Colorado
355 posts, read 420,863 times
Reputation: 198
According to the wonderful mayor and gov things are looking grim for OKC and the state as a whole.
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Old 02-03-2010, 10:28 AM
 
Location: Oklahoma City, OK
519 posts, read 969,552 times
Reputation: 360
Quote:
Originally Posted by Lawman_Kyle View Post
According to the wonderful mayor and gov things are looking grim for OKC and the state as a whole.
The recession was very, very bad. Many people here, thankfully, did not really experience the magnitude of the severity. We are really just now experiencing in a rather small way what much of the rest of the world has already felt.
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