Is the DFW real estate market cooling off? (Plano, Allen: renter, price)

[NP78]

Originally Posted by BLDSoon

And that's Capitalism 101. It's just the way things are. Another market will be created from all the lack created by the last one leaving.

Bottomline, America needs to go to school more. Technology has made it so those high school diploma jobs are leaving in droves and are not coming back. The rest of the world saw the writing on the wall some decades ago.

What happens in the financial markets will probably be the biggest influence on what happens with our real estate values long-term. And unfortunately those markets are very influenced by politics.

I guess we'll see...

Believe it or not, the Mechanical Engineers, Quality Managers, etc. that are employed in Manufacturing are not high school dropouts.

Modern, high value add Manufacturing requires an educated workforce and enhances productivity and standard of living just like jobs in more socially acceptable industries such as IT, Medicine, and Finance.

[Laminate7]

Originally Posted by BLDSoon

And that's Capitalism 101. It's just the way things are. Another market will be created from all the lack created by the last one leaving.

Bottomline, America needs to go to school more. Technology has made it so those high school diploma jobs are leaving in droves and are not coming back. The rest of the world saw the writing on the wall some decades ago.

What happens in the financial markets will probably be the biggest influence on what happens with our real estate values long-term. And unfortunately those markets are very influenced by politics.

I guess we'll see...

Going to school more is not an option for most unfortunately. With the low level jobs being replaced by automation i think there will be more discussion on a guaranteed minimum basic living wage for the masses.

[Bp25]

Originally Posted by Laminate7

Going to school more is not an option for most unfortunately. With the low level jobs being replaced by automation i think there will be more discussion on a guaranteed minimum basic living wage for the masses.

And that's not socialism?

[Hacker1234]

Its not socialism, even Milton Friedman an American economist and a Libertarian supported it. It would work wonders.

[EDS_]

Originally Posted by Hacker1234

Its not socialism, even Milton Friedman an American economist and a Libertarian supported it. It would work wonders.

Yea it is socialism. Friedman's point was that it would be cheaper & more efficient & more trackable to pay economic-under-performers a salary than to allow them to use various government programs each with indeterminate costs per user.

IIRC MF made that case more than 50 years ago not as a call to enable freeloaders but as a call to stop overlapping social-welfare programs. Of course he was prescient.

The other point is Friedman was talking about nothing more than a subsistence wage given the times for those on social welfare benefits, not a $50,000 or whatever wage for the working poor.

[KerrTown]

Originally Posted by NP78

Very well articulated. Manufacturing, even if highly automated, provides multiplier jobs for a local market. It adds value and enhances productivity.

Textiles, which was the topic at hand, is of course a particularly challenging industry in that regard, but the overall concept is important to understand.

What multiplier jobs? Those jobs were going to stay (as stated by the OP) whether or not the factory was automated.

The textile industry is one of the classic examples in Accounting textbooks. But the biggest worry this decade has been the automation and outsourcing of Accounting. Just replace textile workers with skilled professionals and it might produce same/similar results.

Originally Posted by TurtleCreek80

1. Immigration (legal, H1B based, DACA, refugee, and illegal) - the facts are that close to 25% of North Texans were not born in the US. If a large number of these people leave OR if future population growth slows significantly because of lower immigration rates, that will impact the housing market.

Not just the housing market, but lessening the ability to be a business magnet. All because a few people in economically dying states decided that it was their birthright as an American to have a job and instead of taking proactive steps, like relocating out of that rust belt town and getting an education for a semi/full-professional job, they took the easy way and voted themselves a welfare agenda by blaming immigrants and expecting handouts. Only thing is that they not only endangered their future, but every American's future in the economically booming areas out of revenge and envy!

[Bp25]

Originally Posted by KerrTown

What multiplier jobs? Those jobs were going to stay (as stated by the OP) whether or not the factory was automated.

The textile industry is one of the classic examples in Accounting textbooks. But the biggest worry this decade has been the automation and outsourcing of Accounting. Just replace textile workers with skilled professionals and it might produce same/similar results.



Not just the housing market, but lessening the ability to be a business magnet. All because a few people in economically dying states decided that it was their birthright as an American to have a job and instead of taking proactive steps, like relocating out of that rust belt town and getting an education for a semi/full-professional job, they took the easy way and voted themselves a welfare agenda by blaming immigrants and expecting handouts. Only thing is that they not only endangered their future, but every American's future in the economically booming areas out of revenge and envy!

Well said. These are the same people who conveniently forget that their ancestors were immigrants in this country not in distant past.

[NP78]

Originally Posted by KerrTown

What multiplier jobs? Those jobs were going to stay (as stated by the OP) whether or not the factory was automated.

The textile industry is one of the classic examples in Accounting textbooks. But the biggest worry this decade has been the automation and outsourcing of Accounting. Just replace textile workers with skilled professionals and it might produce same/similar results.



Not just the housing market, but lessening the ability to be a business magnet. All because a few people in economically dying states decided that it was their birthright as an American to have a job and instead of taking proactive steps, like relocating out of that rust belt town and getting an education for a semi/full-professional job, they took the easy way and voted themselves a welfare agenda by blaming immigrants and expecting handouts. Only thing is that they not only endangered their future, but every American's future in the economically booming areas out of revenge and envy!

The multiplier jobs that turf3 referrrd to. Even if a manufacturing facility is highly automated there are still significant needs that a facility has that are supplied locally and support employment. Equipment maintenance, instrumentation and controls engineers and technicians, utility and HVAC support, etc.

There are significant local benefits to manufacturing. Refining and Petrochemical is at heart a high value add manufacturing industry. Where would Houston be if all those facilities shut down and the feedstocks were just put on a ship and sent to Asia for processing. Those industries support not just the jobs directly at the plants but all of the support industries such as rotating equipment suppliers, DCS/PLC programmers, process modeling software development and implementation, etc. I could go on for pages and pages when it comes to the economic impact of that type of industry.

[sara212]

The market is picking up again. There's a house in Coppell we just looked at that had multiple offers after the first day...and it wasn't even that nice (although it is probably the most desirable neighbourhood in all of Coppell). I told my agent I was surprised and she said they are far more busy now than they were last month. The lack of supply is really killing me right now as a buyer interested in a Coppell house.

[justsomeguy]

Originally Posted by sara212

The market is picking up again. There's a house in Coppell we just looked at that had multiple offers after the first day...and it wasn't even that nice (although it is probably the most desirable neighbourhood in all of Coppell). I told my agent I was surprised and she said they are far more busy now than they were last month. The lack of supply is really killing me right now as a buyer interested in a Coppell house.

That's very interesting...I think I've noticed the same thing in my area recently regarding pending and recently closed sales. Perhaps it's a good thing I bought last year then. Guess we'll see.