Texas Triangle is a top 20 world economy. (Houston, Dallas: landscaping, calculator)

[Jimmy1953]

https://www.dmagazine.com/publicatio...exas-triangle/

[brock2010]

Originally Posted by Jimmy1953

https://www.dmagazine.com/publicatio...exas-triangle/

Enjoyed reading this. Very prosperous times ahead not only for that region but the entire state.

[Spookmeister]

That's it, I'm moving to Cameron, TX, right in the middle of the triangle! :-)

[madrone2k]

Yes, the article is a good read, even though I might have a few quibbles. While I can see Houston being weaker in the finance sector compared to Dallas, is it really also dwarfed by Austin and SA? Also, being a center of the global oil biz is why Houston is as impressively international as it is ... which seems to be unrecognized by the authors as well as most people in general.

Going beyond those quibbles, I suspect that Houston will be the weak link in the Texas Triangle as oil declines, unless it gets back to diversifying. That will be tough if it continues to ignore building and maintaining infrastructure to mitigate flooding.

[KerrTown]

Originally Posted by madrone2k

Yes, the article is a good read, even though I might have a few quibbles. While I can see Houston being weaker in the finance sector compared to Dallas, is it really also dwarfed by Austin and SA? Also, being a center of the global oil biz is why Houston is as impressively international as it is ... which seems to be unrecognized by the authors as well as most people in general.

Going beyond those quibbles, I suspect that Houston will be the weak link in the Texas Triangle as oil declines, unless it gets back to diversifying. That will be tough if it continues to ignore building and maintaining infrastructure to mitigate flooding.

There isn't much finance left in Dallas after the '80s oil bust. The regional Federal Reserve Bank is still located there and a regional bank relocated its headquarters from out-of-state. But Houston also has a couple of regional banks headquartered there. I can also point out a few serial entrepreneurs who sold banks and grew new ones in this city.

Houston diversifying is inevitable because Austin and Dallas cost-of-living is skyrocketing out of control. There is ample office space due to the oil bust, Bush Airport is a good national and excellent international transportation link, and the COL is more affordable than the two cities. San Antonio and Waco (thanks to the Gaines') will follow shortly due to affordability factors.

Texas doesn't maintain infrastructure very well. For example, highway landscaping and upgraded signage maintenance has long been neglected as an unnecessary expense. The increased population spread out in the Triangle creates inefficiencies that come from the unnecessary duplication of resources from unnecessary sprawl.

[Jimmy1953]

https://www.city-journal.org/html/fi...uth-15894.html

[Jimmy1953]

Originally Posted by KerrTown

There isn't much finance left in Dallas after the '80s oil bust. The regional Federal Reserve Bank is still located there and a regional bank relocated its headquarters from out-of-state. But Houston also has a couple of regional banks headquartered there. I can also point out a few serial entrepreneurs who sold banks and grew new ones in this city.

Houston diversifying is inevitable because Austin and Dallas cost-of-living is skyrocketing out of control. There is ample office space due to the oil bust, Bush Airport is a good national and excellent international transportation link, and the COL is more affordable than the two cities. San Antonio and Waco (thanks to the Gaines') will follow shortly due to affordability factors.

Texas doesn't maintain infrastructure very well. For example, highway landscaping and upgraded signage maintenance has long been neglected as an unnecessary expense. The increased population spread out in the Triangle creates inefficiencies that come from the unnecessary duplication of resources from unnecessary sprawl.

https://www.nerdwallet.com/cost-of-l...ston-vs-dallas

Moderator cut: link removed, competitor site

Moderator cut: link removed, competitor site

https://www.expatistan.com/cost-of-l...houston/dallas

https://www.payscale.com/cost-of-liv.../Texas-Houston

https://www.bankrate.com/calculators...alculator.aspx

Is there really that much difference in the cost of living in Dallas from Houston?

[DabOnEm]

Originally Posted by KerrTown

There isn't much finance left in Dallas after the '80s oil bust. The regional Federal Reserve Bank is still located there and a regional bank relocated its headquarters from out-of-state. But Houston also has a couple of regional banks headquartered there. I can also point out a few serial entrepreneurs who sold banks and grew new ones in this city.

Houston diversifying is inevitable because Austin and Dallas cost-of-living is skyrocketing out of control. There is ample office space due to the oil bust, Bush Airport is a good national and excellent international transportation link, and the COL is more affordable than the two cities. San Antonio and Waco (thanks to the Gaines') will follow shortly due to affordability factors.

Texas doesn't maintain infrastructure very well. For example, highway landscaping and upgraded signage maintenance has long been neglected as an unnecessary expense. The increased population spread out in the Triangle creates inefficiencies that come from the unnecessary duplication of resources from unnecessary sprawl.

There isn't too much difference in the cost of living in Dallas versus Houston but I think the cost difference in Dallas can be very different depending on which side you live on. Houston is more evenly spread out. Austin is worse IMO. So many tech companies are paying their employees what they would in the Bay or Seattle is really increasing the prices of everything and squeezing the natives.

DFW has stronghold on a variety of industries that I don't know how attractive Houston will be for corporate relocations. Maybe secondary offices if the city can market right. Even San Antonio is trying to poach a Houston made biotech company. I don't see other major Texas metros lose companies unless it's a clear step up like Whataburger from CC to SA or AT&T from SA to DFW.

[Trainwreck20]

Originally Posted by KerrTown

There isn't much finance left in Dallas after the '80s oil bust. [...]

I think the fiance sector in Dallas is doing fine? Or that is the impression I get....

[Mr. Clutch]

Originally Posted by DabOnEm

There isn't too much difference in the cost of living in Dallas versus Houston but I think the cost difference in Dallas can be very different depending on which side you live on. Houston is more evenly spread out. Austin is worse IMO. So many tech companies are paying their employees what they would in the Bay or Seattle is really increasing the prices of everything and squeezing the natives.

DFW has stronghold on a variety of industries that I don't know how attractive Houston will be for corporate relocations. Maybe secondary offices if the city can market right. Even San Antonio is trying to poach a Houston made biotech company. I don't see other major Texas metros lose companies unless it's a clear step up like Whataburger from CC to SA or AT&T from SA to DFW.

I agree with pretty much all of this. Houston and Dallas overall probably aren't all that different in terms of COL, but the nicer parts of Dallas generally seem to be more expensive than the nicer parts of Houston. I think it's gotten a lot worse in the last 2-3 years as well but its hard to say.

As far as corporate relocations you're right, but this is primarily because most of Houston's large companies are home-grown, and generally in energy. Dallas has a more diverse economy primarily because of the corporate relocations. Houston has never been as strong in this area and I don't expect that to change going forward - the business community in Houston isn't nearly as oriented to chasing corporate relocations as they are in DFW. However, I do expect it to continue to create local companies that grow into F500-type companies as it has historically done, with an accelerating biomedical component in that mix once the TMC3 project gets off the ground. Assuming local leadership continues to improve flood control, I don't see too many issues there.