Apart from being on the record of U.S. top ten largest urban centers, there are far more things that Dallas share with Los Angeles and New York. Marcus Hiles, a property developer in Texas, reveals that the population of every aforementiond city contain more tenants than homeowners. The truth is, tenants inhabit 55.9 percent of the overall number of household in Dallas. Through the year of 2023, the number of tenants in the nation is projected to rise by 500,000 annually; this just means that tenancy is becoming a more preferred choice than house owning among U.S. citizens. The residential costs of house owners are basically higher in contrast to that of tenants. While the annual home payments may be lower than the yearly rent cost, the rental living still dominates the comparison for the mere fact that homeowning is encumbered by upkeep costs and greater utility bills.
Marcus Hiles – Tells Why Renting is Preferred Over Buying a Home in Dallas