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One Reason L.A.'s Better Than Dallas

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In her November "Culture and Commerce" column for The Atlantic Monthly, former Dallasite Virginia Postrel complains about the resale value of her Uptown town home -- which is now worth "$6,500 less than we paid for it" in 2000. Why? C'mon, you know why: "The supply of housing in Dallas is elastic. When demand increases, because of growing population or rising incomes, so does the amount of housing; prices stay roughly the same."

In the meantime, Postrel and her husband's "mid-1970s three-bedroom town house in Los Angeles" is worth twice what it was in 2000 -- though, on the downside, it's in Los Angeles. Which, having actually lived in Los Angeles for 19 months in 1996 and '97, I don't really consider much of a downside, come to think of it. --Robert Wilonsky

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

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Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.