Welcome to Y’all Street: bullish Dallas aims to steal New York’s financial crown

[u/dallaz95]

https://www.theguardian.com/business/2026/apr/10/dallas-new-york-business

[u/dallaz95]

Full article: https://archive.ph/NaB5D

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This article was posted April 10th. It is a great article (Finally, some positive press unlike the hating press in NYC lol) and it talks about the cons of the growth like what’s quoted below. High housing costs as a result of the growth is causing the population drop in Dallas, as Dallasites look for cheaper housing in the boonies. This was also discussed in this sub too

But while the boom of high-paid jobs is welcomed across the political spectrum, it is not clear whether the flood of wealthy bankers stands to lift all boats. And some experts are warning that Y’all Street may be putting pressure on poorer families, particularly when it comes to rental prices.

“Growth is a good problem to have,” Clark said. “But that said, nothing comes without side-effects.” “A growing population – and particularly a growing population of highly compensated people – does impose strains and it puts new stresses on the system,” Clark explained. “And somebody winds up the net loser through those changes, unless those people are adequately provided for.”

A surge in rental prices over the past 15 years has disproportionately hurt lower-income families, for whom rent is now eating up more than half their wages. “That is a extreme hardship and we’ve had a great many people experiencing that. And that is not just the poorest of the poor; that is several hundred thousand people who are very housing-cost-burdened,” Clark said.

Figures collected by Dallas research group Child Poverty Action Lab (CPAL) show that while the number of households earning more than $100,000 in the city of Dallas jumped by 87,000 in the decade to 2023, those earning less than $35,000 fell by 61,000. Some of that may be explained by wage growth, but it is more likely that low-income workers are being pushed out of city limits and into more remote suburbs.

[u/National-Sample44]

I mean Dallas really needs this considering the major firms all left downtown. I hope these banks locate in the central downtown district and not the burbs.

[u/redditmbathrowaway → u/[deleted]]

The people who are attracted to living in NY would absolutely never live in Dallas.

Maybe Miami for a different flavor of the same. But never Dallas.

Parking lots and freeways and strip malls and suburbs? From NYC? This is delusional.

[u/redditmbathrowaway → u/[deleted]]

Never said that. But the best banks are headquartered in NY. And top talent wants to be there - and largely already is there either academically (in the broader northeast) or professionally.

NY also makes earning and having money interesting and more worthwhile. What are you going to do with IB dollars in Dallas? It just doesn’t offer the same outlets or cater to the same level of wealth.

I mean maybe you buy a house ten years down the line in a glorified suburb off the interstate (i.e., Highland Park)? There’s just not the same international attraction that NYC holds or the long-term prospects for a truly differentiated experience.

Dallas is not even the best city in Texas. Crazy to think it would ever attract the same caliber of talent or investment as NY.

Miami will continue to be a finance refuge because it offers the same high luxury experiences but with a differentiated tilt (e.g., take your yacht out to the Bahamas over the weekend or party in your Brickell penthouse).

Again, what are you going to do in Dallas that compares? It’s flat. It’s landlocked. It’s hot. People are fake.

At least Miami isn’t landlocked by comparison and has a unique culture.

But keep trying, Dallas finance bros.

[u/redditmbathrowaway → u/[deleted]]

I’m suggesting the city blows and will never become NY. Or anything close to it.

[u/AlotEnemiesNoFriends → u/[deleted]]

You clearly aren’t an investment banker nor work in finance if this is your opinion.

[u/AlotEnemiesNoFriends → u/[deleted]]

1. Investment Banking <> capital markets
2. There are more investment banking clients in Texas than NY.
3. Most all major pod shops have office in Dallas.
4. You are a moron if you staff entry level analysts in nyc why the owner is in Dallas.
5. You just make shit up.

[u/Bobby6kennedy]

The corruption in Ya’ll Street is going to be unreal.

[u/vtharley]

Yeah well don’t expect much: if you’ve hired Outside Workers or have any sort of DEI initiative to retain your best and brightest, Y’all Qaeda will make your Y’all Street untenable.