America has earned over $166 billion in capital investments in 2015, a ten percent spike from the prior year. With almost a third of the revenue coming from Texas, Dallas based real estate investor Marcus Hiles remarks that his state has not only displayed the possibility for sustained long-term economic growth, but has also become vital to the successes of the American economy. As Chairman and CEO of Western Rim Properties, Hiles has studied the market for more than thirty years in the endeavor of making worthwhile, planned property acquisitions. Generally, U.S. capital investment rose $16 billion from 2014; according to a report from multinational firm Ernst & Young. Texas clocked $48.3 billion in business financing, which stood first in the country, and the Gulf Coast states who are conventional leaders in the energy industry, brought the highest number of investors for the fifth year in a row. Forty percent of the funds were given to chemical manufacturing facilities, and seventy percent of those were fresh, liquefied natural gas export compounds. The Lone Star State also did very well in the financial, technology, and professional service fields, as testified by their 38,400 mobile project jobs, the top number in the nation.
Real estate developer Marcus Hiles has been creating beautiful properties all over Texas in the last three decades. His ambition of upgraded living and immense knowledge of design trends and high demand styles has led to his success in this space. The change in the real estate scenario has affected what is expected of room partitions, exteriors and even the possible purposes of homes themselves: advanced architectural developments have led to net-zero energy buildings that balance total energy consumption with the amount of renewable energy they create. Passive and active houses offer two energy conservation processes for minimizing all heating and cooling bills. Other than this interesting progress in construction methods, these positive transformations are bringing more ease, space and light into today’s living spaces and redesigning the way we live.
There are more to Dallas, New York, and Los Angeles than just being the ten largest cities in America. According to Texas property developer Marcus Hiles, the aforementioned cities have higher renting population than homeowning population. In fact, over half of Dallas household population is renting. The whole country is envisioned to have 500,000 more renters yearly through 2023 as tenancy is becoming a more popular option than home ownership. One of the common misconceptions in renting is that it has higher housing expenses compared to homeowning; however, this claim has been proven to be false. Aside from higher utility bills, buyers should also cover maintenance expenses. Although the yearly house bills may not cost as much as the annual rent cost, the drawbacks of homeowning makes the rental lifestyle a more enticing choice.
At first sight, Dallas doesn’t appear to have many populace with New York and Los Angeles beyond rating among the ten biggest 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 thrive in rental housing. Across the country, Americans are increasingly picking tenancy over home ownership, with the volume of renters anticipated to grow by at least a half million each year through 2023. Opposite to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual amount of rent may leave behind total house payments for the year, buyers are caught with maintenance cost and bigger utility payments — making the rental lifestyle even more beneficial.