Houston vs. Dallas (Howe, Rice: pottery, 2014, lease)

[dollaztx]

Originally Posted by rynetwo

Here in San Antonio all of the freeways have names but nobody uses the names they just say "I-35"...

Here in Dallas we have them as well and quite frankly I wish they would do away with them. There are to many freeways as it stands and yet you still have to remember their numbers and names and which one is which. And then there's those that have a name in a certain section and another in another city.

[Metro Matt]

OUCH...



Houston’s new diversity is not confined to one neighborhood or district. Suburban Sugarland is over 35 percent Asian and home to one of the nation’s largest and most elaborate Hindu temples. “This place is as diverse as California,” notes David Yi, a Korean-American energy trader who moved to the city from Los Angeles in 2013 and lives in the suburb of Katy, west of the central core. “But it is affordable, with good schools. Our kids, who are learning Spanish, can afford to stay and have a house, which is not the case in California.” Pearland, located 17 miles south of downtown, has also become a draw for upwardly mobile minorities and immigrants. “This is very different from Dallas, where I grew up, which was very segregated,” notes African-American entrepreneur Carla Lane, president of Lane Staffing, which works with energy, construction, and other local firms. “My daughter has a totally different experience—many of her friends are white, Hispanic, or Asian. Living out in Pearland, you can have that experience, and then you cross Highway 6 and you see people with big hats, boots, and straw in the mouth. That’s Houston to a tee.”

America's Opportunity City by Joel Kotkin and Tory Gattis, City Journal Summer 2014

[majicdonjuan]

Good read. This, in particular, caught my eye:

"Indeed, the average cost-of-living-adjusted salary in Houston is about $75,000, compared with around $50,000 in New York and $46,000 in Los Angeles. Personal household income has risen 20 percent since 2005 in Houston, compared with 14 percent in New York, 11 percent in Los Angeles, and less than 9 percent in Chicago. Former Federal Reserve economist Bill Gilmer notes that, except during the energy bust of the mid-1980s, Houston’s per-capita income growth has outpaced the nation’s since the late 1960s."

Personal income has risen 20% in 9 years. That is completely insane (and part of the reason that prices are rising as well). That's an extra 109 billion dollars per year for the metro area and you can bet it's not all going to the top.

Amazing stuff.

[Dallaz]

Originally Posted by dollaztx

Here in Dallas we have them as well and quite frankly I wish they would do away with them. There are to many freeways as it stands and yet you still have to remember their numbers and names and which one is which. And then there's those that have a name in a certain section and another in another city.

Ummm....I know just about all of them

[R1070]

It's always funny to me that Dallas and Austin both have 360 and 183 freeways.

[Jack Lance]

Houston has the highest per capita income levels in the state

Houston $51,004

Dallas $46,136

http://www.bea.gov/newsreleases/regi...f/lapi1113.pdf

[R1070]

Originally Posted by Jack Lance

Houston has the highest per capita income levels in the state

Houston $51,004

Dallas $46,136

http://www.bea.gov/newsreleases/regi...f/lapi1113.pdf

Is that metro or city? I could definitely see incomes being higher in city vs city as Houston has a lot more suburban areas of the metro within it's city limits.

[Jack Lance]

Originally Posted by R1070

Is that metro or city? I could definitely see incomes being higher in city vs city as Houston has a lot more suburban areas of the metro within it's city limits.

LOL , you know good and well that the stats are for the MSA. I know you can open the link and see for yourself.. the listings for the individual MSA's start on page 5..

[Jack Lance]

One out of every 22 New Yorkers is a millionaire, according to a study.
WealthInsight and Spear's looked at which cities have the highest percentage of millionaires, also known as millionaire density. Not surprisingly, the sovereign city-state Monaco had the highest percentage of millionaires. Nearly one in three people in Monaco is a millionaire (and the rest work for them).

Top 20 global cities by millionaire density

1 Monaco 29.21%
2 Zurich 27.34%
3 Geneva 17.92
4 New York 4.63%
5 Frankfurt 3.88%
6 London 3.39%
7 Oslo 2.90%
8 Singapore 2.80%
9 Amsterdam 2.63%
10 Florence 2.59%
11 Hong Kong 2.58%
12 Rome 2.54%
13 Dublin 2.40%
14 Doha 2.31%
15 Toronto 2.29%
16 Venice 2.25%
17 Brussels 2.11%
18 Houston 2.09%
19 San Francisco 2.07%
20 Paris 2.04%

Cities with the most millionaires per capita

P.S. I don't know if this includes the MSA or just the city proper , so don't ask....

[Spade]

I think it's going by city. Would make Houston 2nd in the nation. Especially considering when you look at the gap between 3 and 4.