Forecast 2011: Supplemental Dallas Information
Posted on July 20th, 2011
Jason Hartman presents a followup to show #205 with some additional information on “The Big D” – that’s Dallas Texas, including a forecast for 2011 and a market overview.
The primary strength of Dallas as an investment market is the strong cash flows that it generates. By building your investment on top of rents that are sufficiently large to pay for the expenses and mortgage on the investment, it will give you the power to hold strong until market conditions are optimal. In the case of Dallas, there is a ‘perfect storm’ of factors that combine to make it a very strong investment market. The city has a very strong business sector that attracts skilled employees. The relatively high property taxes influence many people to rent their homes instead of buy them. This works to suppress price increases and place upward pressure on rents, since there is a relatively high percentage of the population who rents.
One of the things that some people say about Dallas is that they don’t care for the heat and humidity of summers in Texas. This dislike of the weather convinces them that Dallas is not a place that they would want to invest. This sentiment also demonstrates a great income property investing folly where people think that they should only invest in a place where they would want to live. Just because you would personally choose to live in one place or choose not to live in another doesn’t mean that everybody else shares your sentiment. Many people have moved to markets like Dallas or Atlanta because of their superior employment opportunities. Based on this analysis, Dallas represents an excellent opportunity for income property investors.
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Tags: Dallas, Supplemental Dallas
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