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.