Dallas, Texas....good place to live?

Tommy_Dolitte

Recycles dryer sheets
Joined
Jul 20, 2004
Messages
170
Compared real estate there to here in Minneapolis--- :eek: with no state tax, is starting to get my attention...

Anyone live there now or b/f?

TD
 
Hello Tommy! Most regulars know that I am a big booster for the Dallas area. Here is my story.

My post semi-retirement consulting gig was in Dallas
and lasted from 1994 to 1998. Prior to that I might have visited once. When looking for a warmer spot
to end our days, we considered a long list, including
outside the USA. Now, I am widely traveled inside
the US. I have visited and/or lived in almost all of the
lower 48. The main reason we picked the Dallas area
was my familiarity, but also in no particular order:

I mostly avoid cities but can tolerate Dallas pretty well.
Much warmer than where we live now. Snow very rare.
Low humidity in summer. Less buggy than Florida.
No state income taxes.
Reasonable (cheap) real estate prices.
Reasonable R.E. taxes. We own a condo and land,
no complaints.
Lots of big lakes and impoundments for fishing/boating.
Much more conservative state politically than Illinois, where we are now.
Gun friendly state. Concealed carry allowed (big issue
with me).
I like Texans. Very friendly IHMO.

I suppose I could have found many other places I liked
just fine. I got tired of looking and opted for an area
which I knew well. Saved me a lot of time and maybe I avoided
a big mistake. An example. When we were still looking
in Florida, we fell in love with a fairly new A-frame in the
woods in central Florida. Price seemed too good to be true and the home itself was charming. My initial offer was
countered and I never went back. Property sold
2 weeks later and I have no regrets. I was uncomfortable with the neighborhood (location location
location). Now, in Texas, I already knew the location
and pricing so it made investing a no-brainer.
Someone posted recently that you need to live somewhere a while before buying. I agree completely
and was lucky enough to end up in a place
which serves most of our ER requirements.

John Galt
 
Dallas is a great place to live, especially suburban Dallas. The actual city of Dallas has its share of problems, as do most urban centers, with schools, city government etc.

As far as costs go, home prices are reasonable in the suburbs, but real estate taxes are about 2.5% of actual appraised value (some suburbs more and some slightly less). Utilities are high however, especially in the summer. You really need to look at all the costs, not just the fact that there is no state income tax. Sales taxes are about 8.5% (not on food or medicine) and homeowners insurance is the absolute highest in the country because of hail storms and mold. We have had our own roof replaced twice in the last 5 years because of hail damage. That's what keeps the rates high.

Living in Dallas is still probably less expensive overall than Minnesota, but you have to look at all the numbers. By the way, there is a major difference in costs between Dallas and the Lake Texoma area, where I believe John Galt has his land and condo. Rural areas are quite a bit less expensive then metro areas.

Overall we have been very happy in the Dallas area. There is a lot to do as far as recreation and entertainment and there are 2 great airports with cheap air travel because of Southwest airlines, which is based here. Schools are very good and the weather is great in the winter, although we had a great, mild summer this year. The metro areas like Dallas, however, are expensive places to retire because unlike state taxes which go down when income goes down, high property taxes, homeowners insurance and utilities stay high regardless of income.

Good luck in your decision.
 
Oops! BarbaraAnne is right. Homeowners insurance is a negative. She is also right about us being near Lake Texoma (about 60 miles north of the Metroplex).
It's pretty rural, but that's part of its charm.

John Galt
 
BTW John, the Texoma area is a nice place to retire. We may consider it. We spent a long weekend a few years ago sailing with friends on Texoma and liked the area...

Nice scenery and more reasonable than big D, yet close enough to visit.
 
High homeowners insurance because of MOLD? :eek: Eeekkk. I take it that it is above and beyond your average fungus....is that a health issue for the area also? :confused:

Adventuregirl
 
Hailstorms.

Gosh I miss living on the Mainland... thanks for the reminder!

I'm gonna have to explain to my kid what a "hailstorm" is.
 
Regarding Mold...

There are very few homes that ever develop mold. It is usually the result of a leak and the fact that new home construction is so tightly sealed that the water never properly dries up thereby creating mold. This is really nothing new and the "mold problem" has occured in many states not just Texas.

One reason insurance rates are high is that a few years ago there were some cases where insurers would not pay for repairs when the mold "infiltrated" the home because it was not taken care of immediately and were sued, with the homeowners winning extremely large judgements. As a result, other homeowners sued for minor mold damage and the insurers had many claims which cut into their profits. The insurers about 2 years ago changed coverage so that mold damage is no longer covered by homeowners insurance. Now the mold "problem" is no longer in the headlines and the prevailing opinion is that it is not a problem, but just a way for mold removal companies to have made a fortune on the backs of the home insurers. Mold has been around forever and if it is taken care of properly, it supposedly isn't a problem.

In the meantime, we have yet to see the insurance companies lower their premiums...Hmmm...
 
John, do you pack a gun wherever you go? :confused:
 
We have the mold thing here in CA as well. In fact, some insurers stopped writing homeowners insurance in CA as a result.

Some types of mold, specifically some black molds, can cause severe health problems and even death. Many homes have had to be bulldozed to solve the problem. Combining the cost of cleanup or demolition with the health liability gets a little expensive.

A combination of things has created the problem Iron pipes installed many decades ago are starting to leak. Plastic plumbing that doesnt work well in the first place. And as mentioned, the drive to completely seal a home doesnt help. In fact I've seen a number of devices that you hook into a house that continously vent a small amount of interior air and exchange it with fresh exterior air. Its been found that many homes not only contain too much moisture but also gasses and chemical concentrations. I found that funny that people go to great lengths to seal up their homes then pay an extra grand for something to undo all of that.

In fact when you're selling a house in CA, you have to disclose if a water damage claim has been filed in the past 7 years. If so, many buyers will walk away and many insurance carriers wont insure the home.
 
Compared real estate there to here in Minneapolis---  :eek: with no state tax, is starting to get my attention...

Anyone live there now or b/f?

TD

TD,

You get what you pay for :D
 
When it comes to politicians and taxation, I dont believe that statement is anywhere near true. ;)
 
TD,

North Dallas and the suburbs farther north like
Richardson, Plano, Frisco, McKinney, Celina and all of
North Central Texas are really excellent places to live.

Dallas is usually hot in the summer, but we really had
a cool one this year with only a few days over 100.
It snows only rarely and never lasts long. Except for
the occasional tornado or hailstorm the weather is
usually quite temperate.

The school systems in Richardson and Plano are some
of the best the state has to offer. Quite good, really.

Cheers,

Charlie
 
Cut-Throat is right. Don't get me started on guns
as it is my No. One hot button (tied with liberals).
I will just say this. If I lived in a state that allowed
concealed carry, I probably would not bother to get licensed. I just believe people should have the opportunity. Texas gives them that opportunity
and that appeals to me very much.

John Galt
 
I lived in the Dallas area for several years. I did not care for it at all. It was not much more than a massive concrete slab to me. Few parks, little green in general, hectic, etc.. If you are into shopping or an active church life, it may be a good choice (I am not). However, there are many good restaurants. Lake texoma is nice and still affordable.

I am still in TX but live in the Austin area now. So much nicer! It is smaller and green, it has beautifal parks, natural pools, an active festival and music scene etc.. It is politically and culturally much more diverse than Dallas. Public transportation is good. Lots of good places to eat. A typical 3/2/2 is 150-250K. 30 min outside of the city will be 30-60% less. RE tax is high at 2.2-2.5%. There is lake Travis just north of Austin, excellent for boating and nice beaches.

If you are considering TX, you may want to have a look at Austin too.
 
Austin seems like a great place to have an active retired lifestyle.

That 2.2% property tax seems outrages after now getting the benefits of prop 13 for california. My property tax is now 0.4% and enough reason for me to hang out here for the first few breaths of me FIRE life.

When I visited family in northern NJ last week - the hot topic (besides the passing tropical storms) was prop tax - everyone got a 20 to 25 % increase based on mandated re-assessments.

I think it was Peter Fonda who said, ' If you think you are free and own your propetry, stop paying the taxes and see who really owns it'

notTwian
 
Everyone seems to like Austin. It's okay I guess,
if you like the city life. For me, if I wanted a city in Texas,
I would go for "Big D". But that's just me. I've been
all over the state but only lived in the Dallas metroplex.
Anyway, we are just country people, so Dallas or Austin, or Houston? It doesn't matter. None would be suitable for us to reside.

John Galt
 
Hmm. I was about to post how Dallas rules and Austin drools, but since this is an ER forum perhaps Austin is better than my hometown.

Dallas is certainly a business oriented work hard kind of place. And while I can appreciate the desire to do nothing and play frisbee golf I think you have to earn it by working, saving ,and living within your means. Austin residents seem to subscribe to the movie Office Space's quote of 'Well you don't need a million dollars to do nothing, man. Just take a look at my cousin, he's broke, don't do ****. '

People tend to stay in Austin because it's so 'cool'. Wait tables with their masters degree since there are no jobs.

But on the other hand that might be a perfect place for ERing. Except the real estate tends to be more fully valued.

In Dallas we do not have all the beautiful outdoors. We do have to work harder to enjoy it. Go to white rock lake and ride/bike whatever. You will see TONS of beautiful people doing the same. Because there aren't a lot of choices of where to go. Makes for a fun time. Dallas has a great system of mountain bike trails. Yes, there are no mountains. But there are plenty of trails, wherever you are in the metroplex you can drive <30 minutes to get to a good trail.

Now we do have a higher than normal % of 'credit card millionaires' in Dallas than most places. You know, people that have BMWs, all the toys, along with the maxed out plastic. Speaking of plastic, the average breast size is higher than the national average and I'm sure it's not exactly natural. As much as I enjoy looking at it I can't believe that someone would spend $5k to put some plastic in their body to make other people want you more. Puleeeeze, get some self respect.

Allright, rants over. I must have had too much coffee just now.

Lurksalot
 
Hi Lurksalot! Well, I love Dallas. Austin reminds me of Madison, Wisconsin with better weather. I too have noticed Dallas' breasts (and other body parts, but I digress). When I was shopping for a marina at Lake
Texoma, my guide says to me "Yep, come back in July and you can sit right here and watch acres of silicone!"
Texas, it's like a whole 'nother country!

John Galt
 
Well, I certainly can't help but comment on a topic that mentions Austin!

As far as jobs are concerned, Austin has one of the lowest unemployment rates in Texas. Sure some PhD's wait tables, but there aren't many jobs out there for PhD's in art history anywhere. They just choose to live in Austin.

Texas in general funds programs (schools and such) on property taxes and sales taxes (at least as far as individuals are concerned). But, we don't have a state income tax. If the property tax rates in the Austin school district look too onerous, you can always look out west in the heart of the hillcountry for lower rates and smaller towns.
 
As far as jobs are concerned, Austin has one of the lowest unemployment rates in Texas. Sure some PhD's wait tables, but there aren't many jobs out there for PhD's in art history anywhere. They just choose to live in Austin.

Haha. I knew I was going to get a reply from someone in Austin. I was just hating because so many good bands avoid Dallas in favor of Austin.
Austin really does have a lot going for it, and it's own problems. Dallas sees a huge number of transplants who come because for jobs. Said transplants tend to complain incessantly about how bad Dallas "sux" compared to where they are from. So, as one of seemingly few natives I get a little touchy on the subject. But all in all, I suspect I'd be pretty happy just about anywhere.
 
The Truth About Austin, Texas

I moved to Austin in 1972. Great little college town, good geography on the west side (beginning of Texas Hill country. Had lots of fun, cost of living was cheap, and there was much free music and public ad hoc parties. Real cowboys and college kids got along fine and Austin was often described as 'laid-back'.

Fast forward 30 years. The high tech boom put the place on the map and it soon got Californicated. Now the housing prices are higher than Houston and most of Dallas. The traffic is much worse. The population of the city and adjacent counties exploded and is mow four to five times as many people with traffic that is unbearable.

There is no solution for the traffic... Politically and enviornmentally ... near gridlock twice a day. Taxes and fees go up and up. City government loves to throw money at every proposed project. I left Austin and bought a small ranch about 60 miles west. When I must go into a city I shop, I use San Antonio. S.A. though bigger is nicer and easier to get around.

I now dread having to drive into Austin and see the development of every hill and valley. It used to be a good place for ER but not any longer. The twenty somethings in town are rude, hurried, and certainly no longer 'laid-back'.

There are many small towns in Texas that are still affordable, friendly and have that special Texas character. Avoid Austin is my recommendation. If I were again in my twenties I would not live in Austin.

Check the website in my profile for a bit of real Texas.
 
Hi Ol_rancher! I am not all that familar with Austin
but you confirmed my suspicions. BTW, as a big fan
of Texas, a disclaimer: I have only actually lived inside the Dallas metroplex, although I have traveled the
entire state (a lot of real estate) except for the extreme
south (Brownsville area).

John Galt
 
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