local residents and home builders let their enthusiasm get the better of them, turning out a spate of new construction. Now, rows of newly built houses stand empty in the village, and rents have been cut in half. So far, not so different from Miami or Phoenix. Except that these homes are one-room, windowless mud-brick huts, and the rent is about $6.50 a month.
And here we were thinking that it was all to do with cheap oil and cheap credit – human nature?