Monday, November 12, 2007

My feeling about Texas, for example, Dallas

Author: nicker
Category: Investors Insights

I’ve been to Dallas many times, for company businesses.
Housing is definitely cheaper than east coast, and even looks like nothing if compared to west coast. Using east coast’s money, I can buy 3 houses for the price of 1. If I use west coast’s money, I can buy 5 houses with the price of 1. It’s that economic. It’s pretty easy to live in Dallas, lots of strip malls, big mall and smaller malls. There are at least 3-4 Chinese super markets in places like Richardson. They are as big as Safeway. As Asian, I think life is pretty convenient although not as Asian centric as in Fremont, CA. Salary is not bad, about 85-90% of Bay area’s level. For IT workers, they pay as high as either coast. Dallas is a great place to save money. The environment is newer than most east coast regions, even newer than California. Places like Plano/Richardson gives you typical newer American suburban life.

People are saying that: “Once you move into Texas, you will never move out”. I think they mean that price hasn’t kept up with either coast, it will become very difficult to move from a low price area to a high price area. The reality is that the price gap is only widening, not shrinking.

Texas has a lot of advantages, low cost of living, okay weather, a little humid and stuffy in the summer. Winter is very mild. The two disadvantages I perceive is 1) slow housing price growth 2) Kinda far from either coast, a little isolated, maybe just a personal feelings.

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