Marcus Hiles On How Renting is Beating Homeownership Nowadays

Marcus Hiles On How Renting is Beating Homeownership Nowadays

The Lone Star State does not seem to have things in common with the state of New York and California more than having the 10 largest cities in the U.S. Even so, notes Dallas investor and Head of Western Rim and green protector Marcus Hiles, “When you dig even more deeper, it turns out that the 3 locales have more renters than homeowners.” When checking the facts, 55.9% of Dallas individuals live by renting. This days, on the whole nation, North Americans are increasingly preferring renting over house ownership, with the population of renters expected to grow by at least a half million each year through the beginning of the next decade. The common thought among Texans has been proven wrong, nowadays renting is more affordable than owning a home. While the monthly cost of rent may outpace total house payments for the year, buyers are saddled with maintenance billing and higher utility costs.

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