Why people are leaving Dallas (Houston, Lufkin: how much, new house, neighborhood)

[NoClueWho]

They are?!?! LOL, I sure couldn't tell...

[JlkajwlNsn]

Yeah many leaving due to rising property taxes pricing them out

[rabbit33]

Enormous net gain in population every month.

Try to buy a house in Preston Hollow, Lakewood, Lake Highlands, Casa Linda without a bidding war.

There may be people leaving but the number flooding in from failed states far exceeds it.

[brock2010]

Originally Posted by rabbit33

Enormous net gain in population every month.

Try to buy a house in Preston Hollow, Lakewood, Lake Highlands, Casa Linda without a bidding war.

There may be people leaving but the number flooding in from failed states far exceeds it.

The metro as a whole is exploding with growth. That vid is just talking about the city of Dallas.

[serger]

Originally Posted by rabbit33

Enormous net gain in population every month.

Try to buy a house in Preston Hollow, Lakewood, Lake Highlands, Casa Linda without a bidding war.

There may be people leaving but the number flooding in from failed states far exceeds it.

Out of curiosity: the failed states are?

[EDS_]

Originally Posted by serger

Out of curiosity: the failed states are?

I don't know about failed but several states are in peril from economic and population growth perspectives at least in relativistic senses.

Further, there's a great article in The Atlantic (no claiming that's a right wing source) about CA more or less asphyxiating itself in the pursuit of some dreamy faux-reality. LA, SF, SD + NYC, Chicago, DC and others have been losing not just poor and workaday types but real wealth. The two big winners form all of that have been Miami and DFW.

As noted in The DMN and suspected by economists for a while The new south Texas, Florida, Georgia, The Carolinas and Tennessee contributed a greater GDP share than the 13 state + DC NE US region beginning in '21 and accelerating now.


https://www.dallasnews.com/business/...uthern-states/

[rabbit33]

Originally Posted by brock2010

The metro as a whole is exploding with growth. That vid is just talking about the city of Dallas.

Yes, Preston Hollow, Lakewood, Casa Linda, Lake Highlands, which I mentioned, are all in the city of Dallas. So your point is?

[rabbit33]

Originally Posted by serger

Out of curiosity: the failed states are?

I'd say, in no particular order:

Michigan
Ohio
New York
California
Washington
New Jersey
Northern VA/MD (DC area)
Minnesota

For each family that leaves to come to Texas, they have their own reasons but in general it comes down to:

Job opportunities
Cost of living, primarily housing
Crime
Quality of life

If you spend some time actually walking around pleasant upper middle class neighborhoods in Dallas, you will see a huge number of out of state plates. If you try to bid on a house in those areas, you will find yourself competing with out of state buyers who are offering cash on the barrel head at over asking price.

I have lived here since 1964 and I've been aware of housing conditions since the late 70s and I've never seen it like this. The Michigan/Ohio invasion of the early 80s pales in comparison.

[serger]

Originally Posted by EDS_

I don't know about failed but several states are in peril from economic and population growth perspectives at least in relativistic senses.

Further, there's a great article in The Atlantic (no claiming that's a right wing source) about CA more or less asphyxiating itself in the pursuit of some dreamy faux-reality. LA, SF, SD + NYC, Chicago, DC and others have been losing not just poor and workaday types but real wealth. The two big winners form all of that have been Miami and DFW.

As noted in The DMN and suspected by economists for a while The new south Texas, Florida, Georgia, The Carolinas and Tennessee contributed a greater GDP share than the 13 state + DC NE US region beginning in '21 and accelerating now.


https://www.dallasnews.com/business/...uthern-states/

The reports of CA's demise are greatly exaggerated, imo.

[rabbit33]

Originally Posted by serger

The reports of CA's demise are greatly exaggerated, imo.

It doesn't take a "demise" to have a signficant number of people decide that they're sick of living in a 50 year old 2 bedroom half-a-duplex, sell out for a million bucks when a job situation changes, and come to Dallas to buy a nice house. And it doesn't take a huge number of those people, added into the normal real estate market, to drive prices through the roof. After all, you can't just magically increase the number of houses for sale in the good areas of the city of Dallas by 10%. You have to wait for people to sell.

Wealthy Californians aren't leaving. They've already got theirs.

Poor Californians aren't leaving. They've got social services.

Working class, middle class, and younger upper middle class Californians are looking at what they are paying for what they're getting, and many of them are deciding that weather and scenery aren't worth it.