Whats up selling home(s) in Allen? Is Allen lost its Charm/Hype compared to Frisco/Plano, etc? (Dallas: best town, apartments)

[MurphyPl1]

Many of the cities that were approached about DART membership opted out because they didn't want to lock up that one cent of sales tax revenue for some distant future service. Look at how long after 1984 it took to get DART to Parker Rd. Prior to that they were promises of bus transportation. But if you look at the growth of Allen, that really wouldn't have made sense for them either.

So a city that had room for a one cent sales tax could either opt in for the promise of future bus and rail, or they could have an election to form a 4A Economic Development Corporation or a 4B Community Development Corporation, or both. And immediately begin using that one cent fully in their city to attract businesses, add infrastructure to attract development or to enhance their city's parks, rec facilities, etc. For example here is the Allen 4B expenditure list for 2014-15 http://tx-allen2.civicplus.com/DocumentCenter/View/6029

I suspect there are a great deal of residents who prefer having that revenue funneled back into those projects rather than DART rail.

[lifofifo]

Originally Posted by MckinneyOwnr

Per capita income is higher in Plano. I do think you're right that household income is a bit higher in Allen, but that's only because there are more kids in Plano.

I don't think "household income" means what you think it means. If the per capita income is higher in Plano than Allen but the household income is lower, it probably suggests there are more single ( or single parent ) households in Plano.

[EDS_]

Originally Posted by MurphyPl1

Many of the cities that were approached about DART membership opted out because they didn't want to lock up that one cent of sales tax revenue for some distant future service. Look at how long after 1984 it took to get DART to Parker Rd. Prior to that they were promises of bus transportation. But if you look at the growth of Allen, that really wouldn't have made sense for them either.

So a city that had room for a one cent sales tax could either opt in for the promise of future bus and rail, or they could have an election to form a 4A Economic Development Corporation or a 4B Community Development Corporation, or both. And immediately begin using that one cent fully in their city to attract businesses, add infrastructure to attract development or to enhance their city's parks, rec facilities, etc. For example here is the Allen 4B expenditure list for 2014-15 http://tx-allen2.civicplus.com/DocumentCenter/View/6029

I suspect there are a great deal of residents who prefer having that revenue funneled back into those projects rather than DART rail.

DART is terrified that Addison is going to back out of DART BTW.

Big time public transportation here in DFW was a terrible idea then and it will never work very well. We have the most light rail of any area system in the country and it's not nearly enough.

[MckinneyOwnr]

Originally Posted by lifofifo

I don't think "household income" means what you think it means. If the per capita income is higher in Plano than Allen but the household income is lower, it probably suggests there are more single ( or single parent ) households in Plano.

No it doesn't. Household income is the aggregate income for all people at a single address. Per capita income is the aggregate income for the entire city divided by the total population.

For Plano to have a higher per capita income means individuals on average make more in Plano. You have a lot more children in Plano, with a lot of stay at home soccer moms/trophy wives. Allen has more two earner households, which is why they have a slightly higher household income.

[lifofifo]

Originally Posted by MckinneyOwnr

household income is a bit higher in Allen, but that's only because there are more kids in Plano.

Number of children in NO WAY affect the average household income.

[lifofifo]

If there are two earners earning $50k each in a household of 2 adults and 6 children - the household income of that house is $100k.

[MckinneyOwnr]

Originally Posted by lifofifo

Number of children in NO WAY affect the average household income.

That's not what I was saying, now is it? HH income is higher in Allen because there are more two earner households, while Plano has more single earner ones because they're raising kids. Got it now?

[thenewtexan]

Per American factfinder from the US Census, which I consider to be the horse's mouth, it breaks down like this for the 09-13 time frame:



Allen: Households Median: $101,636
Households Mean (actual average): $118,329
Family Median: $113,107
Family Mean: $128,584

Plano:Households Median: $82,484
Households Mean (actual average): $107,810
Family Median: $99,662
Family Mean: $123,723

The only significant gap I can see is with the MEDIANS, especially the house hold income. not the mean. So, either the single people in Allen are much more affluent than the singles in Plano, OR Plano is a little top heavy. More than likely, it's the latter. The true average family income difference is less than $5K. It's also an indicator that there's more socioeconomic diversity in Plano, which we already knew, right? For kicks, we could break it down by the three Plano high schools (maybe using zip codes) but...sorry I'm not that much of a nerd. Later!

[usc619]

Originally Posted by thenewtexan

Per American factfinder from the US Census, which I consider to be the horse's mouth, it breaks down like this for the 09-13 time frame:



Allen: Households Median: $101,636
Households Mean (actual average): $118,329
Family Median: $113,107
Family Mean: $128,584

Plano:Households Median: $82,484
Households Mean (actual average): $107,810
Family Median: $99,662
Family Mean: $123,723

The only significant gap I can see is with the MEDIANS, especially the house hold income. not the mean. So, either the single people in Allen are much more affluent than the singles in Plano, OR Plano is a little top heavy. More than likely, it's the latter. The true average family income difference is less than $5K. It's also an indicator that there's more socioeconomic diversity in Plano, which we already knew, right? For kicks, we could break it down by the three Plano high schools (maybe using zip codes) but...sorry I'm not that much of a nerd. Later!

Bam! Elvis just left the building

[nurider2002]

Originally Posted by ETex2

If this is the case, then there is something about your home that makes it less valuable than other homes in your neighborhood. In other words, assuming that your home has been similarly exposed to the market and there has been a prudent marketing effort, "it is overpriced".

Bottom line: it is ALWAYS THE PRICE. There is a price point where buyers will be interested in your home. A price where any negative features will be overlooked because the price makes the home worth it. You just have to find it.

Could not agree more. my next door neighbor's home has been on the market for a year! They have dropped the price twice, still no interest. They cannot understand why. I could tell them but I don't want to insult them. The house is very dated, the entire house needs to be painted (the colors are atrocious), the way it is furnished makes it look even worse - the house would show better if they moved all of their furniture out, but still, the house is worth about 100G less than they think its worth. A good realtor would tell them the truth. It's hard to be objective about your own house.