Will DFW be hit hard by next recession or can it get away with it?? (Lubbock: hotel, homes)

[MinesotaUser1]

Originally Posted by TexanByMarriage

Do you know what that would cost in a different metroplex? A massive house on a large piece of land?

Compare apples to apples. Dont compare dallas housing with new york or california. They are 4 to 5 times bigger ecnomically with little or no empty land. We have empty land all over if u just go out of frisco city borders.
.

[EDS_]

Originally Posted by MinesotaUser1

Compare apples to apples. Dont compare dallas housing with new york or california. They are 4 to 5 times bigger ecnomically with little or no empty land. We have empty land all over if u just go out of frisco city borders.
.

False.

2016 Per State GDP contribution (latest data I could find quickly/USBEA numbers):
1. CA - $2,747,000,000,000
2. TX - $1,696,000,000,000
3. NY - $1,547,000,000,000

When adjusted for population and relative money value, there are wide variances across published local money value data sets..................the yield is per person in real terms among the states you mentioned TX
and NY are either 1 or 2 using all three money factors I could find and CA always last.

[Katana49]

...And that is how you quickly prove that someone has no idea what they're talking about.



Pesky facts.

[MinesotaUser1]

Originally Posted by EDS_

False.

2016 Per State GDP contribution (latest data I could find quickly/USBEA numbers):
1. CA - $2,747,000,000,000
2. TX - $1,696,000,000,000
3. NY - $1,547,000,000,000

When adjusted for population and relative money value, there are wide variances across published local money value data sets..................the yield is per person in real terms among the states you mentioned TX
and NY are either 1 or 2 using all three money factors I could find and CA always last.

I was comparing metroplexes and not the states. That is what the other poster was talking about and i replied.

Are you seriously comparing Dallas with other metroplexes like SFO, NY or LA? If so, i will be out of the discussion for sure.

[MinesotaUser1]

Originally Posted by Katana49

...And that is how you quickly prove that someone has no idea what they're talking about.



Pesky facts.

And how do you know that i have no idea?

[jiping]

Originally Posted by MinesotaUser1

Compare apples to apples. Dont compare dallas housing with new york or california. They are 4 to 5 times bigger ecnomically with little or no empty land. We have empty land all over if u just go out of frisco city borders.
.

Then why are you whining about the house price? I don't understand.

Your close friend bought new house in frisco for 360k in 2014 and you think it was a good deal.

Now just a few miles away from Frisco, in Little Elm, you can buy a "3000+ new house" for less than $400k.

[TashaPosh]

Originally Posted by jiping

Then why are you whining about the house price? I don't understand.

Your close friend bought new house in frisco for 360k in 2014 and you think it was a good deal.

Now just a few miles away from Frisco, in Little Elm, you can buy a "3000+ new house" for less than $400k.

360k for a new home in Frisco is a good deal! Comparing Little Elm to Frisco is apples & oranges cause of school district. Frisco is the most desired school district in the area & Little Elm is much lower. And size doesn't really tell you much either....it's the finish out, who is the builder & all that stuff more than just the size.

[EDS_]

Originally Posted by MinesotaUser1

I was comparing metroplexes and not the states. That is what the other poster was talking about and i replied.

Are you seriously comparing Dallas with other metroplexes like SFO, NY or LA? If so, i will be out of the discussion for sure.

You specifically wrote, "Dont (sic) compare dallas housing with new york or california." You mentioned states. And you added the false, "they are four to five times bigger economically" claim. All I am doing is correcting your misconceptions so that no one falls prey to your serially awful information.


And of course I can compare DFW to SF, NY and LA.

A. 2017 Metro area per capita GDP contribution.....in 2009 chained dollars per The Census Bureau and USBEA.

1. Midland TX $174,749, interestingly enough.

2. San Jose $128,308

3. San Francisco $89,978

10. New York $71,084

15. LA $67,763

21. DFW $64,824

34. Chicago $61,170 for reference.

37. San Diego $60,517 for reference.

I'll try to find per-city money value adjustment numbers tomorrow but I don't need them to know with metaphysical certainty DFW will beat both NY and LA and is probably close to SF.

In no universe are those places four or five times bigger economically than DFW.

[jiping]

Originally Posted by TashaPosh

360k for a new home in Frisco is a good deal! Comparing Little Elm to Frisco is apples & oranges cause of school district. Frisco is the most desired school district in the area & Little Elm is much lower. And size doesn't really tell you much either....it's the finish out, who is the builder & all that stuff more than just the size.

If Frisco ISD is so desired that few wants to move out of its boundary, then all these land outside of Frisco is mostly irrelevant to the supply of DFW RE market.
It also shows Frisco is not overpriced, regardless of how much it cost a few years ago.

That's why I don't understand MinesotaUser1's logic.
If he himself is not willing to move to Little Elm, just a few miles away from Frisco, why does he believe other people are willing to move to "empty land", bring down the house price, and make room for him?

[TashaPosh]

Originally Posted by jiping

If Frisco ISD is so desired that few wants to move out of its boundary, then all these land outside of Frisco is mostly irrelevant to the supply of DFW RE market.
It also shows Frisco is not overpriced, regardless of how much it cost a few years ago.

That's why I don't understand MinesotaUser1's logic.
If he himself is not willing to move to Little Elm, just a few miles away from Frisco, why does he believe other people are willing to move to "empty land", bring down the house price, and make room for him?

The further out you go, the less expensive it becomes...that's right. Places like Celina or Prosper...the commute is far from Dallas but prices have gone up there too...just not as much.. cause the market has been exploding for a few yrs. with people moving here.