At first glimpse, Dallas doesn’t seem to have many communities with New York and Los Angeles beyond regard among the ten thriving cities in the U.S. Yet, notes Texas real estate developer Marcus Hiles, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” In fact, 55.9 percent of Dallas households settle in rental housing. Across the country, Americans are increasingly going for tenancy over home ownership, with the total of renters promised to grow by at least a half million each year through 2023. In reverse to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual charge of rent may outdo total house obligations for the year, buyers are fixated with maintenance repairs and greater utility payments — making the rental lifestyle even more favorable.
Marcus Hiles Prompts Dallas Communities to See Lifestyle Amenities