The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (59609)	8/10/2006 12:00:25 PM
From: Dale Baker	Read Replies (2) of 306849

I assume he means west of Ft Worth where the Barnett Shale areas are located. West of Dallas is the airport and a solidly built-out area all the way to Ft. Worth nowadays. And the land west of FW is endless, all the way to Abilene and beyond. Energy really has little to do with Dallas nowadays, unlike the 1980's. Most oil companies are HQ'ed in Houston if they are in Texas. Dallas is a diversified base of corporate HQs, big service companies, some technology and lots of retail. Because it is so diversified, the jobs can go anywhere. That means you can live in McKinney and commute to your job in Plano with no problem. There is no premium for close-in areas unless you are down next to downtown in the yuppified areas. Too late to buy there and make money though. The Dallas area has almost no individual lots speculators can snap up without a house on it. The development is tract subdivisions from the big builders. They can pony up a million for a horse farm, put 100 houses down and sell them off for $230K each as starter homes for new arrivals. Then lather, rinse and repeat, endlessly.

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