North Texas and The Disposable Suburbs (Dallas, Plano: price, land, money)

[TheOverdog]

I've literally never heard anyone use that, with the exception of a DMN article about 7 years ago that was probably just paid for shilling for Arlington.

The Dallas MSA is called Dallas Ft Worth Arlington. I didn't say that people call it that colloquially.

[Katana49]

Originally Posted by tcualum

Those may matter to you but I've learned that most buyers don't really care about quality; they want new and shiny around here. Most Indians I know could care less whether their fireplace is real or not. A lot of people don't value large lots like they used to.

The flaw in your logic is right there... most buyers are not Indian, they are a minority, no matter how many of them it may seem are moving here.



A "lot of people" have spoken, and Plano real estate is worth more per sq foot than Frisco, when comparing otherwise similar homes. Just because one ethnic group tends to like new homes doesn't outweigh the overall pool of buyers.

[biafra4life]

Originally Posted by Treasurevalley92

When I moved here a decade ago Plano "was" Collin County.

Then it became "Plano and Frisco"

Now it is Frisco and Plano.

Frisco has absolutely surpassed Plano as the poster child for Collin County.

This is what I was trying to say earlier, but I think you said it better.
I think the hangup was using the word ‘decline’ I think that got the Plano boosters up in arms.
Plano is still a thriving city but it can no longer be called the undisputed premier city in Collin County. Plano home values may be higher but it’s not as if Frisco homes are starter home prices, and are steadily rising.

[biafra4life]

Originally Posted by Katana49

The flaw in your logic is right there... most buyers are not Indian, they are a minority, no matter how many of them it may seem are moving here.



A "lot of people" have spoken, and Plano real estate is worth more per sq foot than Frisco, when comparing otherwise similar homes. Just because one ethnic group tends to like new homes doesn't outweigh the overall pool of buyers.

True, for now. But those Indians are one one of the biggest drivers of new home purchases, especially in Collin County. If the admittedly anecdotal stories are true, South Asians are taking over large chunks of Frisco and other nearby suburbs.

[tcualum]

The trend I spoke of is happening in other areas as well. For example, I've been watching the sale of high-end homes in Fort Worth because we might be moving again next year. The high-end older homes in well respected, established neighborhoods aren't selling as well as homes in the new, trendy neighborhoods. Many of the homes with price drops are gorgeous, old homes with tons of character you can't get in a new build. They're zoned for the top public schools in Fort Worth too. It used to not be this way in Fort Worth. One of the homes I'm eyeing is a gorgeous, restored century-old home located on a bluff overlooking the Trinity. Its price has been reduced at least once.

[NP78]

Originally Posted by tcualum

The trend I spoke of is happening in other areas as well. For example, I've been watching the sale of high-end homes in Fort Worth because we might be moving again next year. The high-end older homes in well respected, established neighborhoods aren't selling as well as homes in the new, trendy neighborhoods. Many of the homes with price drops are gorgeous, old homes with tons of character you can't get in a new build. They're zoned for the top public schools in Fort Worth too. It used to not be this way in Fort Worth. One of the homes I'm eyeing is a gorgeous, restored century-old home located on a bluff overlooking the Trinity. Its price has been reduced at least once.

That is a great house/property.

[Katana49]

Originally Posted by biafra4life

True, for now. But those Indians are one one of the biggest drivers of new home purchases, especially in Collin County. If the admittedly anecdotal stories are true, South Asians are taking over large chunks of Frisco and other nearby suburbs.

...And you think Plano wasn't desirable to them? I guess you've never heard of Deerfield North. That entire area is now full of Indians, and that happened almost 10 years ago.



To buy into Plano now requires more money than Frisco for a similar home, it is that simple. More people (including Indians) are priced out of Plano, so now they are turning to Frisco, McKinney, etc.

[Katana49]

Originally Posted by tcualum

The trend I spoke of is happening in other areas as well. For example, I've been watching the sale of high-end homes in Fort Worth because we might be moving again next year. The high-end older homes in well respected, established neighborhoods aren't selling as well as homes in the new, trendy neighborhoods. Many of the homes with price drops are gorgeous, old homes with tons of character you can't get in a new build. They're zoned for the top public schools in Fort Worth too. It used to not be this way in Fort Worth. One of the homes I'm eyeing is a gorgeous, restored century-old home located on a bluff overlooking the Trinity. Its price has been reduced at least once.

That's another faulty comparison. You're comparing a million dollar home to a bunch of new tract housing that is undoubtedly cheaper? And you're wondering why the cheaper homes are selling better?


Give me a break.

[KerrTown]

Originally Posted by biafra4life

If the admittedly anecdotal stories are true, South Asians are taking over large chunks of Frisco and other nearby suburbs.

[sarcasm]...and 20 years from now, North Texas will have a Spice problem. Just like meth, strong spices can permeate through the sheetrock, giving off toxic fumes for years. This will affect resale values as young families are concerned about the toxicity from the offensive odors, much like lead and asbestos was a concern in the 1990s and early 2000s. [/sarcasm]

Nice anecdote BTW.

[Treasurevalley92]

Another obvious problem with Plano is that alot of the Housing is 80s-90s. Now I'm not saying that there won't be a subset of people in the future who find those decades charming, but I really doubt they will ever hold the same charm as prewar tutors or mid modern.

Sure people will live in an older house for good schools, but in Lakewood for example, the actual houses are beloved and raise the value. Most of the housing in Plano is uninspiring at best or ugly at worst.