Marcus Hiles Says Renting is the New American Dream
The National Multi-Housing Council reports that about 14 percent of the total population of Texas are renters, and they expect that number to continue to grow. Marcus Hiles knows this, and he says that the American dream has shifted from owning a home to renting an apartment. San Antonio and Austin report higher renter numbers with 24 and 35 percent respectively, but Houston reports approximately 41 percent of people currently rent. This is largely due to Millennials choosing renting over home ownership in many cases and the shift in many from seeing renting as a short-term solution to a long-term investment.