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Apartment Boom in Dallas

Many of you that live in Dallas or North Texas, in general, would be hard pressed to not notice the 30 something new apartment buildings in the loop going up everywhere.  It’s like, wow, where are we going to find all of these people to fill these new luxury apartments?  And, why are they all luxury apartments?  Why are they not building more affordable apartments to meet the demand of other renters looking for a little more cost effective living environment?  Either way, our opinions don’t really matter.  Money is what matters and it’s maximizing on the money making investment developers are building.  The fact is there are over 100,000 people per year moving to Texas and many of those to North Texas.  Due to economy bouncing back and North Texas adding numerous new corporate headquarters, we are one of the strongest job adding cities in the country.  It’s really a beautiful time in Texas, let’s just hope it continues.