Why people are leaving Dallas (Plano, Denton: low income, real estate, to rent)

[dallasboi]

The people who left simply got PRICED OUT of all the NEW development that's reshaping their previously rundown neighborhoods.

[EDS_]

Originally Posted by serger

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

I don't know it's very quickly morphing into a big version of London or Paris or Rome.........lots of rich people having fun and telling everyone else how great it is - and lots and lots and lots of poor, very poor and destitute people.

Every year for many CA has been 1, 2 or 3 in real poverty rate and its welfare utilization rates are the worst in the country.

Another trend CA needs to correct ASAP.......for many years CA has been a net exporter of rising college students, TX too for the matter. The problem for CA is that it now exports ever increasing numbers of college and professional grads. Post covid maybe some of this will slow or reverse but right now college educated and very well employed people are leaving LA and SF in droves.

[Phil P]

One thing that floors me is that Dallas didn't get hollowed out by the working from home trend. I would have thought DFW would have been the prime candidate for people leaving: people moved to DFW because of work, it's pretty darn expensive now, traffics bad and everyone drives... I would have thought the people that packed their bags and moved to Dallas for their job in 2009 would have packed their bags and left in 2022. There aren't many 'can't get anywhere else' features in Dallas like there is in other cities with big transit, urbanity, weather, scenery etc...

When I lived in Atlanta, I understood why it grew to be the hub it did: weather, centeredness, logistics junction, biggest thing for quite some area... Dallas is still a head scratcher for me. How the hell is it as expensive as ATL?

For all the Texan tourists that visit NM and CO and AR, I would have thought that more of them would have actually moved on up. There's not even many Texan tourists in Taos this year, let alone relocatees.

But DFW remains in the top percentiles for back to office, despite not being as blue collar as Houston. Is it just a culture thing? Do people actually like suburbia that much? Would Dallas ever morph into a real urban corridor?

[EDS_]

Originally Posted by Phil P

One thing that floors me is that Dallas didn't get hollowed out by the working from home trend. I would have thought DFW would have been the prime candidate for people leaving: people moved to DFW because of work, it's pretty darn expensive now, traffics bad and everyone drives... I would have thought the people that packed their bags and moved to Dallas for their job in 2009 would have packed their bags and left in 2022. There aren't many 'can't get anywhere else' features in Dallas like there is in other cities with big transit, urbanity, weather, scenery etc...

When I lived in Atlanta, I understood why it grew to be the hub it did: weather, centeredness, logistics junction, biggest thing for quite some area... Dallas is still a head scratcher for me. How the hell is it as expensive as ATL?

For all the Texan tourists that visit NM and CO and AR, I would have thought that more of them would have actually moved on up. There's not even many Texan tourists in Taos this year, let alone relocatees.

But DFW remains in the top percentiles for back to office, despite not being as blue collar as Houston. Is it just a culture thing? Do people actually like suburbia that much? Would Dallas ever morph into a real urban corridor?

Better business climate...........DFW's economy is ~25% larger than Metro-Atlanta's. There are more high earners, rich and very rich people here too.

[Capitalprophets]

Originally Posted by dallasboi

The people who left simply got PRICED OUT of all the NEW development that's reshaping their previously rundown neighborhoods.

I bought early 2018, sold just on time in 2022 to profit a nice chunk and left back to the coast with better school district, closer to family and lower property taxes where market is stable. Now my new house is paid off and I'm debt free. Thanks Dallas!

[Phil P]

Originally Posted by EDS_

Better business climate...........DFW's economy is ~25% larger than Metro-Atlanta's. There are more high earners, rich and very rich people here too.

But in other high earning cities like New York or San Jose people were taking their salaries and jumping ship to lower cost and sexier areas. Why weren't more Dallasites going to Lufkin?

[Wittgenstein's Ghost]

Originally Posted by Phil P

But in other high earning cities like New York or San Jose people were taking their salaries and jumping ship to lower cost and sexier areas. Why weren't more Dallasites going to Lufkin?

No one wants to live in Lufkin. People were leaving expensive cities like NYC and San Jose to move to cheaper areas that were still very desirable. The number of desirable cities that are cheaper than Dallas is much smaller than the number of desirable cities that are cheaper than San Jose.

[LocalPlanner]

Originally Posted by Wittgenstein's Ghost

No one wants to live in Lufkin. People were leaving expensive cities like NYC and San Jose to move to cheaper areas that were still very desirable. The number of desirable cities that are cheaper than Dallas is much smaller than the number of desirable cities that are cheaper than San Jose.

Seriously, when it comes to economic dynamism and general level of urban amenities (OK, no mountains and limited "cutting edge culture", but is that really a big deal?), without the issues of old legacy cities (see: Chicago), for even the recently elevated price, only ATL comes close to DFW (I'm still skeptical of Phoenix and Miami). Some will say DEN but it's way smaller than DFW. SEA is just too expensive.

[EDS_]

Originally Posted by Phil P

But in other high earning cities like New York or San Jose people were taking their salaries and jumping ship to lower cost and sexier areas. Why weren't more Dallasites going to Lufkin?

Probably local cost of living metrics more than anything else.

[Phil P]

Originally Posted by LocalPlanner

Seriously, when it comes to economic dynamism and general level of urban amenities (OK, no mountains and limited "cutting edge culture", but is that really a big deal?), without the issues of old legacy cities (see: Chicago), for even the recently elevated price, only ATL comes close to DFW (I'm still skeptical of Phoenix and Miami). Some will say DEN but it's way smaller than DFW. SEA is just too expensive.

Well, the idea is that for the work from homers, economic dynamism is decoupled from location. That leaves urban amenities and I would have guessed more people would have traded in those for nature and lack of congestion. Lufkin may not be a sexy city, but it's in the sexiest of Texas nature.

Originally Posted by EDS_

Probably local cost of living metrics more than anything else.

Yeah, seems to be the case - though I wonder how much people would be moving around if it was easy to buy and sell a house now instead of this interest rate deal. Seems like that it freezing people in place.