> Atlanta seems to still be finding its identity. All the industries are nascent, it always seems just on the cusp of a big transformation. I have a theory about cities, that property values are largely constrained by geography as the first and practically only factor, and Atlanta has no geographical limitations that jack up prices. As a result, property has always been comparatively cheap.
I've observed similar things about Dallas.
Property values are going up here a little, but Dallas is still a really cheap place to live compared to any major coastal city or even hilly places like Austin, and the recent growth in property values is largely because a surprisingly large number of companies have all decided to relocate here in a very short span of time, and the housing industry hasn't caught up yet. I expect this trend won't last: eventually there will be enough new housing built in exurbs like Frisco and Prosper (and small towns like Celina being turned into exurbs) that it'll counterbalance the influx of new residents.
I've observed similar things about Dallas.
Property values are going up here a little, but Dallas is still a really cheap place to live compared to any major coastal city or even hilly places like Austin, and the recent growth in property values is largely because a surprisingly large number of companies have all decided to relocate here in a very short span of time, and the housing industry hasn't caught up yet. I expect this trend won't last: eventually there will be enough new housing built in exurbs like Frisco and Prosper (and small towns like Celina being turned into exurbs) that it'll counterbalance the influx of new residents.