What New York, Los Angeles and Dallas Have in Common – Marcus Hiles

What New York, Los Angeles and Dallas Have in Common – Marcus Hiles
What New York, Los Angeles and Dallas Have in Common – Marcus Hiles

Marcus Hiles remarks that the prominent similarity between Dallas, New York and Los Angeles is that all of them have observed a rising trend in renters; even though initially it might appear that the only similarity they possess is that all three feature in the list of top ten largest towns in the U.S.  The rise of renters is seen across the whole nation, with renters likely to  increase to half of a million steadily till 2023. Even in Dallas, more than half, i.e. 55.9% of the residents are renters. Although tenants may have to bear higher annual costs than homeowners, the amount of money owners need to pay on maintenance and utilities is much higher.

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