Why did Houston and DFW develop so differently? (Dallas, Midland: rent, how much)

[EDS_]

Originally Posted by Mr. Clutch

Oh yeah - they guy that has insisted for months he's privy to data for a year.... that is still in progress. I definitely remember you and am fully convinced you don't have a clue what you're talking about.

If DFW FINALLY passes Houston (again, despite being a bigger metro area) congrats. It has been the poorer overall metro area for a long time, albeit not by much.

I have access to numbers you can't see yet because of an academic subscription to a particular service. That's all. Trust me when the numbers go live I'll DM them to you. FWIIW there's an available source right now that you could find pretty easily showing a '20 gap of around $50BN.


GMP does not define personal income or wealth very well if it did everyone would move to Midland.

[EDS_]

Originally Posted by SanJac

I think you misread his post. He said Houston has more millionaires than Dallas and Dallas has more billionaires than Houston.

Both cities are flush with rich people wouldn’t you say? There is no shortage of wealthy benefactors in either city. The MFAH has the second largest endowment of any museum in the country, second only to New York. Meanwhile I’m pretty sure the DSO has a larger endowment than the HSO.

We’re fortunate in that regard and it’s largely due to Oil money (in both cities).

You are right thanks.

[EDS_]

Originally Posted by DabOnEm

Unsure what the "so what" was for, just stating a difference between both metros.

It was noted to me that I misread your earlier post. Sorry about that.



Here's part of what I was talking about.


https://www.cnbc.com/2020/05/14/top-...-wealth-x.html

[Dallaz]

Originally Posted by walker1962

Growing up in a city doesn't mean one doesn't see its flaws. I grew up in an east coast city and couldn't wait to leave, moving to my hometown of Houston. That said, there are plenty of great view of Dallas:
1. Heading into Dallas from I-45 coming over the ridge just past I 20 south
2. Driving north on Spur 482 from I 20, one can see Dallas downtown, Las Colinas, and to your west the Cowboys stadium, a good 15 miles west because of the natural elevation.
3.. On Hampton road a few miles, west of Downtown, its a postcard view.
4. From White Rock Lake, just northeast of downtown, a great view of downtown and Uptown.
5. From the Hwy 121 I 35E interchange in southeast Denton County.
6. I 30 west bound coming over Lake Ray Hubbard;
7. Take a ride up Reunion Tower for some great views of the area.

My favorite areas to drive is Spur 408 and I-20 (near Clark Road). That whole area is pretty hilly and it continues all the way to Cedar Hill. You can really see the escapement coming into Dallas from 20 by Mountain Creek Parkway. It’s Dallas’ little hill country. The Cedar Ridge Preserve and Cedar State Park is also in the area.


I-20 - Skip to 5:00


https://m.youtube.com/watch?v=gwwhQa...ature=youtu.be

Kiest Blvd looking towards Spur 408

https://goo.gl/maps/zx36k1YqvZ1usxsp6

[stoneclaw]

Originally Posted by Dallaz

My favorite areas to drive is Spur 408 and I-20 (near Clark Road). That whole area is pretty hilly and it continues all the way to Cedar Hill. You can really see the escapement coming into Dallas from 20 by Mountain Creek Parkway. It’s Dallas’ little hill country. The Cedar Ridge Preserve and Cedar State Park is also in the area.


I-20 - Skip to 5:00


https://m.youtube.com/watch?v=gwwhQa...ature=youtu.be

Kiest Blvd looking towards Spur 408

https://goo.gl/maps/zx36k1YqvZ1usxsp6

I've taken drives in the southwestern part of the metroplex (Mtn Creek) that I have witnessed to be much more hilly than this. Sorry, but those videos do not do it justice on displaying how hilly Dallas is.

[ParaguaneroSwag]

Originally Posted by EDS_

I have access to numbers you can't see yet because of an academic subscription to a particular service. That's all. Trust me when the numbers go live I'll DM them to you. FWIIW there's an available source right now that you could find pretty easily showing a '20 gap of around $50BN.


GMP does not define personal income or wealth very well if it did everyone would move to Midland.

The claiming the GMP is inaccurate is the equivalent of claiming the census population data is inaccurate. To a degree it’s true, but they’re the most reliable, unbiased source. Midland is very high in personal wealth per capital for a reasons

[spacecitytx]

Originally Posted by dallasboi

Quit putting words in my mouth....I never said that.

You're right (for a change)...you didn't say that. My apologies.

I MEANT to say that was in response to you saying that the majority of people DON'T think Dallas is bland and boring...to which I replied that the same would apply to Houston's supposed ugliness...the majority of people DON'T think it's ugly. In fact, I've ever only heard that in this forum.

[spacecitytx]

Originally Posted by EDS_

So what = very obviously Houston has more millionaires than Dallas has billionaires.

Why would that be so obvious? The vast majority of people couldn't care less about how many mills or bills live within a city. This is pure CD fodder information, lol.

[Redlionjr]

Originally Posted by walker1962

This is some truth but you implied that walkability was a substantial benefit. I disagree 8 of10 largest re more walkable. I think the ratio is definitely higher in the sunbelt, Denver,
https://www.statista.com/statistics/...eas-in-the-us/
I've visited the following or lived there.
Los Angeles
Miami - drove everywhere.
Riverside
Atlanta - lived here. The city is compact but the metro covers 8372 sq. miles vs.10,000 for Houston and 9286 for DFW.
City of Phoenix - 518 sq.miles

Now Boston metro is only 1422 sq. miles
Even with more money, I don't see many heading to Boston, NYC or Chicago for other reasons like cold, crime, density, politics.

Walkability in most American cities have no substantial benefit because most American cities are built to cater to cars not pedestrians. But I do believe the cities that have more walkable areas have a substantial benefit over those that are completely dependent on cars. Now again because American cities are not created to benefit pedestrians walkability isn't a high priority for most Americans when they're choosing a city to move to.

But, how many Americans truly benefit from relying on 24 to 45 min commutes to get to and from work? Commute, traffic and lack of public transportation is some of the things transplants and even natives complain about Houston and Dallas the most.

This is one reason you see more work+live+play developments popping up in these sprawling cities. If people had the option to walk or ride a bicycle to work instead of driving to work I believe more Americans would choose to walk or bike than to hop in a big hunk of metal and risk their lives everyday getting on the road.

Some cities do a better job of giving it's residents more options to avoid getting on the road. Dallas and especially Houston not so much. And for metro it's size and importance I believe it's worst than similar sunbelt cities because of those 2 reasons.

As far as the cities you've lived or visited I can give my experiences as well.

Los Angeles- Definitely needed a car to get around but the places of interest we went were much more walkable than any neighborhoods in Houston and Dallas. Several neighborhoods have sidewalks and are actually geared towards pedestrians. LA is just a massive area full of different municipalities. Still more walkable.

Miami- We stayed in Downtown Miami and could get to most places of interest on foot or the public transportation they have. We didn't rent a car at all. Relatives did choose to rent a car because they had an airbnb further away from the city center. Only time we got in a car was to go to Miami Beach. Which we walked in most places in Miami Beach and it's city center.

Riverside- Similar if not worse than DFW and Houston

Atlanta- Very similar to DFW and Houston but they do have more walkable urban neighborhoods and I believe they do a better job of "urbanizing" their suburbs and town squares to make up for the lack of density all throughout the MSA. But no doubt Atlanta is just as much a sprawling mess as HOU and DFW. You do have more options of walkability though.

Phoenix- Actually worse than Houston and DFW

[walker1962]

Originally Posted by SanJac

I think you misread his post. He said Houston has more millionaires than Dallas and Dallas has more billionaires than Houston.

Both cities are flush with rich people wouldn’t you say? There is no shortage of wealthy benefactors in either city. The MFAH has the second largest endowment of any museum in the country, second only to New York. Meanwhile I’m pretty sure the DSO has a larger endowment than the HSO.

We’re fortunate in that regard and it’s largely due to Oil money (in both cities).

Actually, DFW has more high NW (over $30 Million NW) than Houston; DFW ranks in the top 10 world wide

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