Suburbs in 20 Years (Dallas, Austin, Fort Worth: apartments, rental homes, new home)

[NTXPerson]

Where do you think Frisco will be in 20 years? I understand there is a large Asian population in Frisco that I've been told prefer new homes (generalizing here). In 20 years when those homes are no longer new, will a large chunk of Frisco's population move away? Who would move in? Will it's demographics change? What about the other booming suburbs? Will people be commuting 2 hours+ just so they can get new housing?

Random thoughts of the day brought to you by being bored at home.

[Katana49]

Originally Posted by NTXPerson

Where do you think Frisco will be in 20 years? I understand there is a large Asian population in Frisco that I've been told prefer new homes (generalizing here). In 20 years when those homes are no longer new, will a large chunk of Frisco's population move away? Who would move in? Will it's demographics change? What about the other booming suburbs? Will people be commuting 2 hours+ just so they can get new housing?

Random thoughts of the day brought to you by being bored at home.

Most of the people I know who are looking to buy a new home (regardless of race) do so because they want a home that no one has lived in before as one of their primary concerns.



So, it's doubtful there is going to be a mass exodus of people from homes simply because a home suddenly got to be 10, 15, or 20 years old. Also, as the metroplex has expanded, any new homes will be further and further out, which may be a deal breaker for a lot of people, so their choices are to stay put, or buy a used home in their area.

[naterator]

That's an interesting question. In 20 years:

A nearly-100 year-old Jerry Jones will be tired of The Star at Frisco and AT&T Stadium, and will be looking for new cities willing to fork over the billions for a new Dallas Cowboy headquarters and stadium. Perhaps Pottsboro will see this as a way to put itself on the map.

Frisco won't lose a big chunk of its population. Rather, it will look a lot like Irving. The original owners will rent the properties out to temporary visa holders, not sell, since property values will continue to increase. I'd expect the upkeep of homes to be what you'd expect of 20 year-old rental homes. The thousands of apartments near Hall Park could go either way. The shops nearby as well.

The DNT will run clear up to Highway 82, and we'll be talking about the boomburbs between Sherman and Gainesville, with easy recreational access to Lake Texoma.

Denison gets a second lease on life as a cool "Bohemian" enclave (like Kessler Park in Dallas), and Austin College gets much more selective, now able to attract more students.

I don't think commute times will increase - I think remote working will be the norm, not the exception by then.

[biafra4life]

I think Plano is a fairly good template for what Frisco could become. Plano was Frisco 20 years ago, down to a T. It's an older suburb now compared to most of Collin County with little new construction to be had in the city, and yet it's fair to say that the city has not gone the way of Mesquite as many had forecasted in the past. It's held its value fairly well for an older town. Frisco with luck could go the same way, but time will tell.

[tcualum]

Plano held its value because it's a decent commute to downtown Dallas, it's attracted businesses that provide quality jobs to its residents, and because many of its schools still have a good reputation. It didn't happen by accident.

[Run To The Hills]

Well we will have about 2 5 million more people here.
I guess the new burbs will be Celina, Melissa and Anna.
They will become the new Frisco,/McKinney. One thing is clear. All these areas will be very diverse 20 years from now.
Plano, Allen and Mckinney will likely lose some of their luster and become more like a larger version of Farmers Branch or Carrollton or even Irving especially areas near the 75.
One thing is for sure. ... There will be a huge amount of deterioration of infrastructure. I think all these areas are going to have to increase property taxes to address this issue. They got away for years without having to address infrastructure due to the area being relatively new.

[DTXman34]

Originally Posted by Run To The Hills

One thing is for sure. ... There will be a huge amount of deterioration of infrastructure. I think all these areas are going to have to increase property taxes to address this issue. They got away for years without having to address infrastructure.

That's the cornerstone of the suburban sprawl Ponzi Scheme. Once the bill is due, escape to the next town and repeat the sprawl cycle all over again.

[NTXPerson]

Yes, I could see that about infrastructure. I believe that Frisco hired a City Engineer for the first time ever. Before, they haven't had the need since their infrastructure was so brand new.

Frisco has been working on building up its corporate base by attracting companies to move there. Could it become large enough that enough people won't need to ever commute to Dallas? I believe that Dallas will always be the largest the metroplex, but could it become another Fort Worth? Or, is it too close to Dallas to have that large of a business impact?

[TheOverdog]

I believe that Dallas will always be the largest the metroplex, but could it become another Fort Worth? Or, is it too close to Dallas to have that large of a business impact?

Depending on the stats you look at, Collin County (in general) and Plano specifically (with help from Frisco, since the biggest job base in Plano is across the street from Frisco) have already surpassed Ft Worth.



Not in total jobs, since Tarrant County has 2X the population of Collin County, but of good jobs that pay well, CC is way ahead of Ft Worth and the Legacy Corridor is a larger employment corridor than Ft Worth's largest employment corridor.





There are actually some stats that predict NW Plano will be the largest jobs center in DFW by 2025, but those assumptions are bit outrageous, so it'll probably remain #2 behind downtown Dallas.

[Texan#1]

Originally Posted by TheOverdog

Depending on the stats you look at, Collin County (in general) and Plano specifically (with help from Frisco, since the biggest job base in Plano is across the street from Frisco) have already surpassed Ft Worth.



Not in total jobs, since Tarrant County has 2X the population of Collin County, but of good jobs that pay well, CC is way ahead of Ft Worth and the Legacy Corridor is a larger employment corridor than Ft Worth's largest employment corridor.





There are actually some stats that predict NW Plano will be the largest jobs center in DFW by 2025, but those assumptions are bit outrageous, so it'll probably remain #2 behind downtown Dallas.

You’re forgetting Las Colinas somewhere in there. I think it may already even be larger than Fort Worth?