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Old 07-11-2008, 09:07 AM
 
42 posts, read 74,679 times
Reputation: 20

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Had an interesting conversation with a gent who spoke of an impending real estate boom in the Fort Worth area.
Can you someone explain to be how Fort Worth is expanding, i.e. obviously there is no free land to the East but the West is the only place to grow or maybe redevelopment within the city itself.
Redevelopment within the city is for the mega investor not the small time Joe.

Any areas folks see worth buying?
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Old 07-11-2008, 09:24 AM
 
32,591 posts, read 51,179,354 times
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I don't know about "impending"--I think FTW has been having a boom for several years--more people are living west of FTW in Aledo/Weatherford area and driving in and the areas s of FTW city limits like Crowley and Burleson have been adding subdivisions of tract homes as well as custom ones...Keller has been booming and people drive as far as from ARgyle and even Denton into FTW--Haslet has been drawing lots of development especially now that Northwest ISD has become more popular...
inner FTW has had the condo boom which really took off about three years ago and is probably reaching overkill now that the area by the Trinity river is being developed...but the price of gas may have lots of people moving into the area with money considereing that vs a home in suburbs...
TCCC has made big play downtown north of Sundance by the river project
XTO has gone on a buying spree for office space and some other companies to lesser degree...
many people are buying land around speculating that developments like townhomes outside the downtown area will be come popular with the price of commuting getting so expensive and lack of public transportation out of FTW proper...
land prices in FTW ARE expensive compared to 5=-6 years ago even if they might not seem so compared to Dallas or other metro areas...
negatives about buying land/property in the near suburban areas like Haltom City or Richland Hills or White Settlement is that they are not managed by FTW and while they might be close to downtown area they still are pretty downscale on their own...
if you are looking for duplex like you other posts--then you can probably find someting around the TCU area
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Old 07-11-2008, 01:56 PM
 
Location: St. Louis, MO
142 posts, read 382,836 times
Reputation: 283
I would say LovestoRead is dead on with the comments made.
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Old 07-11-2008, 04:18 PM
 
Location: Greater PDX
1,018 posts, read 3,841,067 times
Reputation: 951
From my observations when I return to Ft Worth (don't live there right now) is that while there has been a lot of development to the west/sw as mentioned above, it's the north and northwest that has really exploded. What I don't know is if there is still room to continue that, but the area along I-35 north of Ft Worth proper used to be virtually empty 10-15 years ago, and now there are subdivisions everywhere.
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Old 07-13-2008, 10:15 AM
 
32,591 posts, read 51,179,354 times
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Haslet went big because land was so cheap--just like people moving up to Rhome area--people could get a large lot and nice house for probably 100K less than places like Colleyville or Keller --if they were willing to make the drive and give up the amenities like shopping/restaurants/drs offices--now that infrastructure is starting to fill in at least around Haslet--Rhome still looks pretty prairie to mee --they are coming to where the people are but it is still not a lot--new mall is going in off I-35W and stores are open but restaurants are pretty sparse

Cabela's big-deal-store built out that way is having difficult time keeping open because people are not willing to drive from Dallas/Plano which is probably where they thought a big part of their market share was located--

many of the surface roads around Haslet and Eagle Mtn Lake that way still suck and on race weekends traffic is NYC bad--

I think the price of gas will have BIG impact on people who have moved there--many of them wanted cheaper housing because they are in borderline jobs--if economy falters they could be part of the foreclosure market--and there would not be many people falling over their feet to buy those homes--
there is not a lot for people to do out that way since there is not a lot of sustaining employment beyond working construction or retail like Lowes --at least that I can see when I go out that way...people are driving into FTW for their jobs--and that is expensive...
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