A Weekend in the Big D

SteveBerg05.jpgI had to go to Dallas (actually Arlington, next door to Dallas) this past weekend to take care of some personal business. Coincidentally, I have a client/friend in San Diego who is getting ready to buy a home there for investment purposes. So on Saturday morning I bought the “Dallas Morning News” to check out the real estate section. The “average” price for homes in Dallas (are you sitting down?) is $150,000. I saw homes listed there for $250,000-$300,000 that would cost $900k-$1 million, or more, in many communities of San Diego. Amazing!! I’m thinking, maybe I should consider…

Here is the reality check – It was 103 degrees…at 9:00 pm (107 degrees for most of the day). And I don’t want to hear that it’s a “dry heat”. My shirt was soaked in 3 minutes.  A 10-minute walk outside turned into a “Survivor” episode. View property is defined as a home that sits 5 feet higher on the prairie than the others around it. Arlington is a DRY County. I thought that went out with prohibition. I kid you not. You want to buy liquor and you have to drive across the County line. Oh, and their property taxes are about triple the rate in California. They don’t have a PROP. 13 there. Plenty of sand, but of course, no ocean.

But there is no State income tax. They do have a modern and big airport, a fabulous baseball stadium (for the Rangers) and a new football stadium under construction (for the Cowboys). All with relatively little opposition. Maybe they were able to afford all this due to the lack of Mello Roos assessments.

I may just reconsider my position once I’ve fully recovered from the heat stroke. Great to be home, though.   

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