Among spots where renting is already more reasonable than owning are the surrounding Houston and Dallas/Fort Worth metropolitan areas. Because millennials face immense student loan debt and housing costs in North Texas have increased by 50 percent over the past five years, firms likes Marcus Hiles’ Western Rim Property Services that deliver affordable luxury housing accompanied by premium conveniences are seeing more demand than ever. “As discretionary income falls, renting becomes markedly more economically efficient than buying a house. Apartments offer additional financial freedom and consume far less space,” Marcus Hiles rationalizes. “The idea that owning your own home is the American dream is being turned inside out; since the housing bust in 2008, the renter population has swelled to 43 million households.” Throughout the region, young professionals are opting for a higher quality of life, seeking out Western Rim’s complexes for their convenient, pristine locations, premier school districts, modern amenities, and across-the-board lifestyle services.

Read more: