Source: New Geography —
Some Confuse a Homeowner’s Greatest Property Right With How Many Uses the Homeowner can Utilize for Their Home
A homeowner’s greatest property right is not how many uses a homeowner can use their home, but neighborhood protection from uses not beneficial to single-family homes.
Dallas is Losing Homeowners
The city of Dallas is losing homeowners while this critical population moves further away. The health of Dallas is at risk as the number of homeowners in the city is declining and city becoming, like many elsewhere, essentially one of renters.
Short-Term Rentals (STRs), Neighborhood Apartments, Transience, and Instability Drive Homeowners Out of Dallas
It is both common sense and statistically true that homeowners prefer to live next door to other homeowners. This was first brought to my attention doing research for my Master’s Thesis, Economic Proposals to Promote Reverse Migration and to Revitalize an Inner City Neighborhood, in 1976 by Walter B. Bruggeman, in The Journal of Economics and Business, Volume 27, II, Page 41. Since then, as a residential real estate broker, I have heard hundreds of times homebuyers tell me they do not want to live next to an apartment house or complex, and renters say, they prefer to live in an apartment that is next to a homeowner rather than an apartment complex. If you want to rid the city of them, I insert density, transience, and short-term rentals. Any time a short-term rental goes in next door or on the block, there is a greater chance the homeowner will sell their home and move away from Dallas to safer, more stable communities. When a homeowner moves out, there’s a good chance they will sell to a short-term rental investor who will rent most likely to a short-term tenant. At the end of the day, as a result of STRs, there will still be fewer homeowners in Dallas. Dallas should be protecting and nurturing homeowners and homeowner’s greatest property right, not threatening them and ultimately destroying single-family Dallas neighborhoods with short-term rentals.
Dallas is Losing Population
Dallas is the strongest city in the country and the population in the Dallas region is booming, but the city of Dallas is losing population. In the Wall Street Journal article How Can Big Cities Get Us to Live There (Again)?, Justin Lahart cites the Brookings Institution’s census data that shows 42 of 48 core urban counties, including Dallas, lost population from July 2020 to July 2021.
Why Are People Leaving Dallas?
People are leaving the city of Dallas not because they do not like the world-renowned museums, Nasher Sculpture Center, celebrated restaurants or the fabulous people that live here. People leave Dallas for cities, suburbs, and towns that have neighborhoods that are more stable, safer, greener and more homeowner friendly.
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