Move to Dallas if you want to add $900 a month to your mortgage because homeowners pay all the taxes here. Move to Dallas if you want to drive 45 minutes to an hour to get anywhere. Move to Dallas if you can afford a $500,000 house for a 40 year old fox and jacobs crap built home in west Plano, and your neighbor paid $240,000 3 years ago.
Skill issue. You have to know where you want to be in DFW and live in an appropriate area. It's because of noobs who move here and merge onto highways at 50mph and cruise at 60mph like morans that it takes longer. Before COVID and the flood of carpetbaggers from all over the country, you'd have people reguarly cruising at 80mph+ easy on highways. Only after people started moving here did traffic get bad.
Traffic has been horrible in Dallas for as long as I can remember. I grew up and live in DFW, when you cross from Tarrant to Dallas county you have to speed up and drive very defensively. Its crazy
Dallas Born and Raised here. That abandoned building have been abandoned for years, it use to be Cabana Hotel, then City of Dallas bought it and turned it into a jail, Decker Jailhouse afterwards it was turned into a Halfway house Detention Center and then it was closed. It has been closed since 2010 oh and it housed people from New Orleans due to Hurricane Katrina.
I work in the Grocery retail industry and periodically travel to Dallas for work. The lady that you interviewed is 100% correct. New Dallas is all the retail therapy you can handle and high paying jobs, Those people probably haven't lived there long. Old Dallas is poorer.... Oh and the Drivers in Dallas make Houstonians seem polite on the road.
🎉🎉🎉 I really am loving this new format with Melody. The microphone 🎤 and interviews are great 👍. I can’t believe that you’re not over 100,K subscribers yet 🤔🤔🤔. But hold on because you will very soon. Tons of love and respect to both of you. Blessings,Carlos ✝️🙏❤️😊🇺🇸
China did poor on destroying the buildings . Here’s what they could have done , sell these properties to foreigners for visiting China which will increase tourism as well as place those properties but what can you do since it’s their country what ever they want to do they are free to do 😂
I went thru 08 and I can tell you there were whole subdivisions the builders just abandoned. I moved into a house for 165k which I sold for 380k last year. That subdivision had 4 houses and they stopped building. Today it has about 50 houses. Sometimes during 08 it was hard to buy a house because its paper was tied up in a packaged mortgage investment held by an investment firm. It was hard to get those companies to release individual house paper. A lot of these would be short sales but if you made an offer you had to add 6 months onto the time to obtain possession because they had to get it out of the bundled package it was in.
Hello guys, thanks for being in Dallas again. And you are correct about the large number of multi-family (apartments) being built, today it was reported that in Frisco a new 1000 multi-family is being planned. I live in Addison and in about a 6 mile radius, we have 3 new apartments being built not to mention the existing ones in Addison Circle, Vitruvian, and all of the other ones.
Great to see you in dallas. I live in North Dallas and have been following both of you for the past 2 years. I think most of the comments you made a related to the Dallas City and the Dallas county. However lot more people live in the suburbs such as Alan Plano McKinney Frisco Grapevine etc. bunch of companies have their headquarters or large presents in the suburbs examples of Frito-Lay Erickson Toyota FedEx and few more. The suburbs are showing quite different picture than the city. Most of the people that live in the suburbs rarely go to the city. Would you be covering any of these videos?
Nice. The land owners (Mostly Investors) that can't sell after listing for 9 plus months, are putting in driveways, and doing crapy build outs on their "Houses" and think they will sell at an even higher price in the near future.
With all the moratoriums and banks doing everything they can to AVOID foreclosing, I'm shocked there is that many... I'd guess they are suggesting there's a crack in the dam and the flood might be coming...
How are rent rates the same in almost every market in the entire country?Rents are supposed to match cost of living and wages in each market but they’re not!!!
My husband's office was in Irving Texas back in April 2020 when COVID lock downs first happened. His company never reopened their office in Irving. He is working remote from home. We left Dallas Right before new years for the Midwest. The power Grid Is a major issue and extreme hot summers. for us there were too many freeways and urban spur. We now have a bigger place to live and we are saving at least 300 to 400 a month in the Midwest. for us Dallas was a bad fit for our family, everyone is super friendly. our overall impression living in DFW was the cities out Dallas were rich but Dallas was run down. We couldn't put our finger on what was wrong with Dallas but we never saw any really nice neighborhoods in the city of Dallas. Irving was an upper middle class neighborhood. my advice for anyone considering living in Dallas I would say visit in July for 2 weeks. make sure you are driving or taking uber before moving to Dallas. My husband & I regret moving to Dallas before visiting in the middle of summer. Dallas has extremely hot summer every year. our apartment was 80 to 82 with the AC running now stop even at night.
Most of the mid-high range wealth is in north Dallas.. not west, south or east of Dallas. Highland Park is special but it’s only a small piece of Dallas area.
Unrelated to real estate but noticed you were flying your drone near SMU. In case you didn't know that location is very near a permanent TFR that covers the home of a former US president. Best I can tell from your location in the video you should have been clear of it but only you would be able to know for sure. Just thought I would say something in case you were not aware.
DFW resident here. I'm renting for the foreseeable future because sellers are asking way too much for housing. While not ideal, my current place has allowed me to save so much towards a future down payment so I'll be ready to hop in once the market cools. Also, I've noticed some slack in multifamily. Rents are still high compared to pre-pandemic levels, but more apartments have been offering incentives such as waiving admin/application fees, 1+ months free rent or $X off first month's rent. There are deals out there and I expect them to get even better as more multifamily inventory becomes available.
Great job, guys. Sounds like Dallas has jobs. A neighbor during the GFC lost their home to foreclosure in California and moved to Texas for jobs and less expensive homes. Unfortunately, they were priced out of the market and in 2024 are still renting. I'm a negative nelly, and Dallas suburbs look like California sprawl 2x. If I were a young person starting out living downtown might be fun and affordable. But if you're broke all the time, then city life is not that much fun, even for a single person. Abandoned buildings are a blight and surprised the city leaves it like that. Raising a family in the Dallas suburbs can't be any worse than in California. lol
Your video was so informative that I had to subscribe. Thank you so much guys ! SMU has always been a nice area but once you go on the other side of the highway it’s a different story.
Not true. SMU is surrounded by fairly nice neighborhoods in all directions. The closest bad area to SMU is probably Vickery Meadow, bounded by Loop 12, 75, Walnut Hill and Abrams. It is very well contained but you could hardly describe that as "across the highway"
People think Texas is affordable lol - not true. We live LBJ lakeside and I just three years our mortgage has gone up 800.00 because Of property tax! And due to all the tornadoes the mortgage insurance went up here - so that also increased our mortgage. This sounds crazy but we lived in calif on a golf course and it was cheaper to live !! We left because It wasn’t a red state but damn - I’m a veteran and this is ridiculous!
moved from Dallas in 2016.I lived there 8 years, 2 miles from the grassy knoll. It is ugly, crowded (a lot worse now), people mostly have a snooty attitude, very expensive, traffic is horrible. No connection to nature. entertainment is alcohol and eating. Do not recommend. Interesting that Houstonians don't like Dallasites because they are known as being "stuck up" lol
Excellent video! Melody touched on history and how investors can get away with squandering others' money and get wealthy while negatively impacting whole neighborhoods and the hard-working mid income wage earners. Unfortunately, absolute power can corrupt absolutely! Keep up the great work to educate voters!
I live in east Dallas next to downtown and work in CRE and they are absolutely right. The SMU/Park Cities area is one of the most expensive areas in the state. It’s not representative of the rest of Dallas whatsoever. I’m born and raised in DFW and I’m ready to leave. No longer affordable and crime has risen the last few years. Property taxes on a lot of these homes are more than interest on the note! Traffic is absolutely terrible with everyone that’s moved here and the city won’t take care of the roads and infrastructure.
Dallas is like a place with a few beautiful islands spread out in an ocean of crap! I had a job recently in Dallas that had me driving around the entire metro area east of Fort Worth. Dallas is like Los Angeles with fewer homeless people. Within the ocean of crap are old abandoned or repurposed grocery chain buildings, repurposed fast food restaurants, and lots of Mexican restaurants. Lots of strip malls in the area. The roads are mostly broken, but there are some good ones around. For some reason, throughout Dallas, the roads department doesn't maintain curb painting or painted lines on the roads. Even the lines between lanes are disappearing. Some neighborhoods in Mesquite look like they were all built using the same ugly brown bricks. The land is sinking everywhere because the underlying dirt crumbles. If you move to the Dallas area YOU WILL need to have your foundation leveled every ten or so years, or you can live with a leaning cracked foundation. In the norther area of Dallas it looks a little better, but it looks like everywhere else in the nation. All of the same fast food and grocery store chains are there. There is no real culture here. It's just a gigantic land mass of expensive neighborhoods. I haven't found Dallas to be friendly or hospitable for somebody who doesn't earn much money. I've had things stolen. My vehicle insurance is higher here than the small town from where I came. Nobody earning $14 per hour full time can afford a car AND a good apartment AND health insurance AND car insurance. If somebody earning that much money has children they will NEVER get ahead in life. It seems that almost half of the people in the southern area are not Americans. They cause traffic accidents and flee. I applied to a job last week. They wanted my driver license, my social security card, and my birth certificate. The foreigner only needed a green card, nothing else. I wasn't selected. How is it that non-citizens have it easier than citizens? Last year my landlord was in a crash with an illegal alien. The cops let the illegal go, even though she had no license or insurance. F___ Dallas Texas. As soon as I earn enough money from my next job I'm leaving.
As with everywhere, it depends. I moved here in 2018. IT sector is great for job seekers. Finance is okay. There are jobs everywhere, but getting a job depends on what you want to do vs what you're willing to do. House prices did go up substantially since then, but I'm under contract for a new build right now for a price I can fortunately afford. Not looking to refinance or get an equity loan at all. Don't need it, so I'm alright with being underwater for 10 to 20 years if the market does crash.
Great final message, Travis --- in so many markets and situations it makes sense to rent when you rationally consider rent/buy costs. It seems likely that monthly home mortgage prices/taxes/insurance/maintenance costs will adjust to be more in line with monthly rents, at some point in the future. Patience.
Your work is great! Just a little for perspective, University Park [city] and Highland Park [town] near SMU are their own entities so they have control over their areas without big city Dallas input.
If Canadian Pacific hadn't bought Kansas City Southern plus a massive shipping boom along the Gulf Coast none of this materials boom availability would have been, well...available. Add to that a massive construction boom and a massive amount of energy and technology money plus unfettered immigration and everything still remains for further build out of whatever it is going on upon this truly vast Region which still appears to be booming anyways no matter what prices might be up to but yes long before this travelling through both Houston and Dallas as a truck driver was not a very "sightly"(visually appealing) experience and considering how beautiful Texas once was very sad to see that.
I notice that your graphs around 15:30 and 16:30 don't go back past 2021, which was when we saw a huge influx of California & NY expats. I'd argue that paints a deceptive picture. We're still hurting from that influx of people without the housing to support them as the interview at 24:00 explains, which increased rents and home prices by something like 50%, and are finally starting to heal but zoning is still getting in the way in a lot of areas.
Can you talk about Charlotte? we have lived here for 20 years and it has gotten over run by rude drivers, who take the reds and over population that is not making the city's crime has significantly up. And articles don't help the situation. Charlotte is not cheap, we are moving far away and looking at SC as the taxes are way better!
Honestly Dallas is one of the worst cities to live in, the weather sucks, it’s either hot, cold or windy! Hail, thunderstorms and tornadoes! You see an empty desert land with just buildings and houses, no beaches and mountains! Really nothing to do ! You will also find crazy impatient and worst drivers every day on the road! You will regret!
Lots of houses on the market because taxes have doubled. This is happening all over Tx. Not to mention the higher utility bills and the water restrictions. Oh lets not forget HOA fees keep going up.
Honestly doing this in dallas is a waste of time, for a real housing market segment you should be starting in richardson and north. Dallas proper is dying, downtown is now where plano meets frisco.
Honestly Fort Worth has alot of Potential more than Dallas in my opinion but the city planning is none existing. Yet Property taxes in both are sky rocketing
People are buying multimillion dollar homes for cash in Highland Park. That's where the county club is and the folks that work in the financial sector live. Dallas which is where the Federal Reserve bank for this part of the country is located and that brings in a lot of extremely wealthy people. They make huge amounts of money in their sleep on their Investments.
I was actually looking to buy a home in Dallas in the fall. I currently live in Santa Fe, NM. I wanted to expanse my marketing and creative agency services business to D Town.
