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Old Yesterday, 07:56 AM
 
Location: Addison, TX
7,330 posts, read 2,937,954 times
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Quote:
Originally Posted by jaysan89 View Post
The apartment rents in DFW are exorbitant. I am paying $720/month for my tiny apt (approx. 250 sq. ft) which is located in a semi-ghetto neighborhood in Richardson. My landlord already raised my rent twice since I moved here in May 2018. I have considered moving to Collin County but the 1 bdrm apartments there are at least around $950/month or more which I cannot afford right now. I am trying to save up some money and hope to find a better paying job soon so I can live in a more quiet and less congested area.
Relative to other major metro areas, DFW's rents aren't exorbitant at all.
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Old Yesterday, 08:17 AM
 
Location: North Texas
408 posts, read 202,422 times
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I agree that DFW rent isn't crazy high compared to other major cities. However, I do believe that DFW doesn't have enough affordable housing for those in the lower-income bracket. Affordable housing has been a hot topic of discussion for years now, but most developers/cities do not want to build housing for the low-income bracket. They would rather continue building luxury apartments.
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Old Yesterday, 08:21 AM
 
Location: Addison, TX
7,330 posts, read 2,937,954 times
Reputation: 5846
Quote:
Originally Posted by NTXPerson View Post
I agree that DFW rent isn't crazy high compared to other major cities. However, I do believe that DFW doesn't have enough affordable housing for those in the lower-income bracket. Affordable housing has been a hot topic of discussion for years now, but most developers/cities do not want to build housing for the low-income bracket. They would rather continue building luxury apartments.
True, but that also seems to be a problem in most major cities (not just DFW).
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Old Yesterday, 08:28 AM
 
3,386 posts, read 2,473,532 times
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We're at the point where a paradigm shift is needed among DFW residents. Other major metro areas with high costs of housing, it is common for a person to commute an hour each way to their job, while they live in a lower cost area. Believe it or not, there is plenty of land within an hour of job centers that could be developed with cheap housing... but people here do not want the long commute. Some of that is due to a lack of public transportation, but I imagine even if we had it, most people will still balk at a 1 hr commute.
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Old Yesterday, 08:42 AM
 
Location: Addison, TX
7,330 posts, read 2,937,954 times
Reputation: 5846
Going forward, the main handicap for DFW (and Texas in general) will be property taxes.

This isn't so much of an issue for renters, but for current/aspiring homeowners, I think we're getting close to the point where people are no longer seeing housing as a bargain despite the relatively low median home price because of how much more the monthly mortgage payments are when property taxes are factored in.

The state and local municipalities will need to start exploring different/more creative ways to generate revenue (I.E. casino gambling, legalizing/taxing marijuana, increase in gas taxes, etc.) if they want to hedge against this.
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Old Yesterday, 09:08 AM
 
Location: Dallas, TX
687 posts, read 532,616 times
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Quote:
Originally Posted by Katana49 View Post
We're at the point where a paradigm shift is needed among DFW residents. Other major metro areas with high costs of housing, it is common for a person to commute an hour each way to their job, while they live in a lower cost area. Believe it or not, there is plenty of land within an hour of job centers that could be developed with cheap housing... but people here do not want the long commute. Some of that is due to a lack of public transportation, but I imagine even if we had it, most people will still balk at a 1 hr commute.
I think that already occurs. DFW is actually more spread out than most major metro areas. There is tons of development in places like Royse City, Celina, etc.
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Old Yesterday, 09:26 AM
 
9,929 posts, read 4,848,321 times
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Quote:
Originally Posted by Katana49 View Post
We're at the point where a paradigm shift is needed among DFW residents. Other major metro areas with high costs of housing, it is common for a person to commute an hour each way to their job, while they live in a lower cost area. Believe it or not, there is plenty of land within an hour of job centers that could be developed with cheap housing... but people here do not want the long commute. Some of that is due to a lack of public transportation, but I imagine even if we had it, most people will still balk at a 1 hr commute.
Well, that's just capitulation.

"The problem isn't the high price of housing, it's that you don't want to spend half your life commuting".

Nope.
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Old Yesterday, 09:32 AM
 
Location: Wylie, Texas
2,448 posts, read 2,987,160 times
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Quote:
Originally Posted by Katana49 View Post
We're at the point where a paradigm shift is needed among DFW residents. Other major metro areas with high costs of housing, it is common for a person to commute an hour each way to their job, while they live in a lower cost area. Believe it or not, there is plenty of land within an hour of job centers that could be developed with cheap housing... but people here do not want the long commute. Some of that is due to a lack of public transportation, but I imagine even if we had it, most people will still balk at a 1 hr commute.
I guess it depends on your circle of people, but in my circle the one hour commute is pretty much a fact of life for the vast majority of people, especially for those who work in areas that are not the best for families. For example, I currently work in the 635/75 interchange area. Off the top of my head, we have a lot of people commuting from McKinney, Prosper, Allen, Wylie, Murphy, Grand Prairie, Parker just to name a few places. And it's been the same deal for all the other jobs I've had, especially in Dallas. Since most people cannot afford Highland Park but need good schools. they live out in Collin County or somewhere equally far out.
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Old Yesterday, 09:49 AM
 
3,386 posts, read 2,473,532 times
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Quote:
Originally Posted by turf3 View Post
Well, that's just capitulation.

"The problem isn't the high price of housing, it's that you don't want to spend half your life commuting".

Nope.

No, that's just reality. Housing will always increase over time in an area where a population is increasing. That's not a problem, but an inevitability. If you want to live in a place where housing is stagnant or falling, check out Detroit.


Quote:
Originally Posted by biafra4life View Post
I guess it depends on your circle of people, but in my circle the one hour commute is pretty much a fact of life for the vast majority of people, especially for those who work in areas that are not the best for families. For example, I currently work in the 635/75 interchange area. Off the top of my head, we have a lot of people commuting from McKinney, Prosper, Allen, Wylie, Murphy, Grand Prairie, Parker just to name a few places. And it's been the same deal for all the other jobs I've had, especially in Dallas. Since most people cannot afford Highland Park but need good schools. they live out in Collin County or somewhere equally far out.

Of course it does. Used to be that only lower income people couldn't afford to live within 20-30 min of where they worked. It became more and more rare for a middle class suburbanite to need to commute an hour to Dallas, as job centers sprung up around them in Richardson, Plano, Frisco, etc. But that's my point... more and more people do need to make peace with the fact that in order to live here, they may have an hour commute from an area of town they can afford, as even the middle class is finding that their money isn't going as far as it used to around here. But, it's not a pervasive mindset yet. One need only look at the advice given regularly on this forum, "Find out where you're working first, then we'll recommend housing in that area. You don't want to commute an hour or more, DFW is very spread out." Once advice like that stops, then an hour commute will have become the norm for most.
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Old Yesterday, 09:59 AM
 
49 posts, read 17,940 times
Reputation: 52
Quote:
Originally Posted by Katana49 View Post
No, that's just reality. Housing will always increase over time in an area where a population is increasing. That's not a problem, but an inevitability. If you want to live in a place where housing is stagnant or falling, check out Detroit.





Of course it does. Used to be that only lower income people couldn't afford to live within 20-30 min of where they worked. It became more and more rare for a middle class suburbanite to need to commute an hour to Dallas, as job centers sprung up around them in Richardson, Plano, Frisco, etc. But that's my point... more and more people do need to make peace with the fact that in order to live here, they may have an hour commute from an area of town they can afford, as even the middle class is finding that their money isn't going as far as it used to around here. But, it's not a pervasive mindset yet. One need only look at the advice given regularly on this forum, "Find out where you're working first, then we'll recommend housing in that area. You don't want to commute an hour or more, DFW is very spread out." Once advice like that stops, then an hour commute will have become the norm for most.
I totally agree with what you have said. Rents and housing prices and commutes of an hour plus will become the new normal for DFW as already the case in tons of other big cities in the US. DFW is adjusting now.
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