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Michael Crain: “There's more inventory coming on because the demand's there.”

Featuring: Michael Crain, Fort Worth City Council, District 3 | Texas

Building Fort Worth with District 3 City Councilmember Michael Crain

Published January 28, 2025 | Video Starts at 37:25

I will just say this, being a real estate broker, looking at this from that perspective, we are in a housing somewhat crisis. But I also know There's more inventory coming on because the demand's there. it's a good and bad problem. People want to live here. People are at a point that they can afford homes. (37:25–37:31)

CLAIM

Asserts that more housing inventory is becoming available due to demand.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Michael Crain

“We're the 12th city or the 13th city, depending on the latest you see.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 04:12-04:16
“We're also the fastest growing big city in the United States.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 04:17-04:20
“We shifted from an average age of 60 to 45 overnight [on the council].”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 07:37-07:41
“Average [salary] was 65, $70,000 at these jobs.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 07:38-14:53
“We create a PIT, a public improvement district that brings about $300,000 more into trash abatement, into programming, increased programming…”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 08:47-09:01
“$3.5 million public improvement grant that goes in there, neighborhood improvement grant that will help with streets and sidewalks and…”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 09:06-09:15
“There is no public health clinic west of Como.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 09:45-09:49
“A lot of it [crime] is domestic. It starts domestic and then turns violent.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 10:42-10:47
“A lot of people we found do have health care there. They just don't use it for preventative care for whatever reason.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 10:58-11:04
“Fort Worth is approaching a million people.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 12:22-12:25
“We have a residential tax base is paying roughly 60% of the property taxes. Commercial is paying 40%.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 13:42-13:49
“Walsh has 2,000 marketable acres for some big commercial development.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 14:22-14:27
“We've committed to [the] city to continue to get the utilities out there so we can market this as a shovel ready project.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 14:30-14:44
“TxDOT, I think from that article it quoted about a billion dollars to do this whole project.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 16:47-16:52
“There is no money for the project, but they know the project needs to be done.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 16:56-17:01
“The work session last Tuesday that was the first time most of us had seen those recommendations.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 19:27-19:34
“We're able to take that money and put those major projects. One being the convention center. The convention center expansion.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 20:28-20:36
“For every dollar spent in tourism, it's $5 to the local economy.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 20:59-21:03
“The budget cycle starts as soon as we pass the other budget.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 23:31-23:35
“We know there's infrastructure issues still in Como.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 23:55-23:59
“In the north part of Fort Worth, they did not build east-west arterials.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 24:41-24:46
“Right now in Chapel Creek area, there's really two ways out. Chapel Creek and White Settlement Road.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 25:05-25:11
“There's money put in the bond, about 3 million. We've got 3 million COG.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 25:33-25:39
“It would create a 26 mile loop around the city of Fort Worth on the turning Trails.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 26:19-26:23
“We are a large city.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 28:22-28:25
“We have a short term rental ordinance on the books. It basically says a short term rental is anything less than 30 days.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 30:56-31:07
“Short term rentals outside certain maybe I would say commercial zones are not allowed in the city of Fort Worth.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 31:13-31:21
“We do not have the code enforcement staff to go to every single one of those [short term rentals].”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 31:37-31:43
“It's really an unenforceable ordinance by the time you go and you cite them or go here.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 32:13-32:19
“They're looking at what's best practices in other cities.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 33:03-33:08
“There's a registration system with the city [for short term rentals].”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 34:03-34:06
“We are in a housing somewhat crisis.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 37:22-37:25
“We're also trying to catch up in the apartments market.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 37:35-37:40
“There's really a whole missing middle that we've got to really focus on.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 37:40-37:43
“No doubt we're in a housing crunch here in Fort Worth and the Metroplex.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 37:50-37:56
“I don't believe they're all being turned over into short term rentals.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 37:55-37:59
“We're not afraid to at least try and address [problems like every other large city].”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 41:03-41:06
“You could not charge for backyard swimming lessons [under the previous ordinance].”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 41:53-42:00
“Kids should be getting drowning prevention activities wherever they can get them.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 42:08-42:13
“The rodeo itself brings in, you know, millions and millions of dollars in tourism dollars into the city.”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 46:17-46:23
“Over the course of, you know, my at least 5 years being involved in public policy in the realm that I'm doing, you see that there's more…”
Building Fort Worth with District 3 City Councilmember Michael Crain | Uploaded January 28, 2025 | 47:40-47:52