
Originally Posted by
gamevet
That happens to a lot of places, when an economy booms and people start charging more for property. You're talking about an isolated region, that does not represent everywhere.
The Dallas/Ft.Worth area has seen massive growth in the last 10 years. I bought my house in what was once a small town of 18,000. It has now grown to nearly 50,000 in 15 years, and the prices of houses have doubled. Frisco, North of Plano/Dallas, was isolated pockets of houses and farmland. Now, it's one of the fastest growing areas in the whole metroplex and houses are expensive there. Jerry Jones even moved the Cowboys headquarters to the area, along with a lot of major corporations. Anyone that had bought land there 15 years ago, is now raking in the dough, because their property values have increased over 100%.