At first view, Dallas doesn’t look to have many neighborhood with New York and Los Angeles beyond estimation among the ten sizeable 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 nest in rental housing. Across the country, Americans are increasingly preferring tenancy over home ownership, with the sum of renters projected to grow by at least a half million each year through 2023. Countering to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual price of rent may pass total house payments for the year, buyers are charged with maintenance support and larger utility payments — making the rental lifestyle even more appealing.
Marcus Hiles Emboldens Dallas Locals to Direct on Lifestyle Amenities