For years we have been hearing that it’s all about urbanization: everyone is moving into the city core, desiring higher density housing like apartments and condos, Millennials and Baby Boomers alike. The high life!
Certainly if you are leading or running a large city like Dallas, the chart to the right might want to make you slug Scotch. Dallas, as in City of Dallas, is losing population just as San Francisco, New York, and Chicago are.
Why? Why is Dallas, smack in the center of business-friendly Texas, with average home prices up but still not out of reach, on this death-spiraling list?
Dallas Isn’t Immune
We know that the over-priced real estate market in San Francisco — average home price is about $1 million — plus the homeless and constricting building laws (hello, it’s California) is starting to rub on even the most faithful Bay-area residents.
Chicago, my beloved hometown: overpriced real estate, crime, so much corruption I almost cannot remember when we didn’t have a governor who went to jail.
New York City: My favorite place on earth for a week, but who can afford to live there without a bottom income of $200K annually?
But why Dallas? My take — and I’d love to hear yours — is past weak leadership and corruption that weakened our police force, a reputation for poor public schools that is not at all deserved, and crime. Couple that with relatively cheap gas prices that make the extra five to 10 miles of commute more manageable, more people working remotely, and more jobs actually in the suburbs, Dallas is toast:
The new census statistics provide estimates for city populations annually between 2010 and 2018. They show that the average annual growth for the nation’s 87 cities with populations over a quarter million have slipped to 0.69% in 2017-2018—down from 0.76% the previous year, and from 1.21% in 2011-2012, the highest average growth since the Great Recession. Among the 87 largest metros, 66 exhibited lower growth in the last year than in 2011-2012. Among the 87 largest metros, 66 exhibited lower growth in the last year than in 2011-2012 (download Table A).