Marcus Hiles is one of the most knowledgeable experts on the real estate market trends. Being the CEO of Western Rim Property Services, he is familiar with the current rising expenses for owners and buyers of real estate properties across Texas. For that reason, he suggests an alternative to buying. Marcus Hiles suggests for all people to rent properties rather than buying because there are growing expenses, not only in mortgages but also other figures which are higher than ever. Maintenance and renovation may hurt your budget which is an additional reason to rent rather than buy a property. Find out more:
According to study conducted by Harvard University, a number of factors around the country have contributed to this shift. Changes in the real estate and financial markets have led to over 43 million families and individuals opting to rent property — a record-breaking increase of approximately 9 million over the course of ten years, notes Marcus Hiles. Social trends may account for part of this, as the latest U.S. Census illustrated a large percentage of the population of Dallas falls between the ages of 20 and 29. Millennials are statistically likely to marry and have children later in life, and single individuals or those making less than $25,000 per year have seen the most movement towards renting over the last decade.
In late 2014, when the price of oil dropped dramatically, citizens throughout Texas suffered economically, with areas surrounding Houston taking the hardest hit. Marcus Hiles was excited to see that, as 2016 came to a close, the value of crude oil doubling since their February lows and active rig counts rising by 200 in recent months, helping both the oil industry and the Houston economy stabilize and continue growth trends. Mining and logging, the sector that includes oil and gas extraction, added 3,200 jobs in November alone, while the greater Houston metropolitan area continued job increases by half a percent, higher than in 2015. “Everyone can uncross their fingers now, because the worst is over,” explained Patrick Janikowski, senior vice president of research for the Greater Houston Partnership, in the organization’s annual predictions for the coming year, “2017 should be a further step on the road to robust growth.”
More people are moving to urban areas, and local ecosystems need wilderness spaces to keep the environment healthy. Urban wilderness promotes health and happiness among residents, cleans the air and creates life-giving oxygen. These areas heavy on trees and plants also help to hold ground and rain water for future use. American Forests is an organization that studies municipal forests and the repercussions of declining natural areas in cities. Marcus Hiles supports their mission to educate the general public about why these areas are beneficial to communities. Beyond the benefits of shade reducing heat retention and cooling vehicles by fifty degrees, just two trees can produce enough oxygen for one person and absorb twenty pounds of air pollution annually. As our cities grow, it is vital that residents create, maintain, and are able to benefit from urban wilderness areas.
Charitable actions such as Hiles’ have become increasingly important in recent years, as the city’s inner-city school districts have struggled to overcome a 2011 ruling by the state Legislature which cut $5.4 billion in education funding. Most affecteds by the cuts were schools in low-income urban communities, where low property tax revenues were unable to compensate for the budget loss. Since this controversial 2011 decision, inner-city schools have lost an average of 12 percent of their full-time teachers, leaving students in overcrowded classrooms with less individual attention. The New York Times reported that the state of Texas considers 66 percent of students in the Dallas district to be at a considerable risk of dropping out, and Marcus Hiles believes the city’s youth deserve better opportunities.
“For these children hailing from lower income families, a quality education plays a pivotal role in improving social mobility,” Hiles said. “Kindergarten through 6th grade is essential to the next generation’s success.”
Western Rim Chairman Marcus Hiles believes in providing those who are in need with a helping hand. Over the past two decades, he has contributed a large sum of money to programs for disadvantaged women throughout Texas.
Texas real estate investor, Marcus Hiles, urges us to follow his four simple tricks that will permit rental pursuers and homebuyers to dramatically lower their energy bills. As CEO of Western Rim Property Services, Hiles tracks his own advice, using each energy saving technique in every property he develops. He urges people to put in new windows with a solar heat gain factor of 0.22 to 0.24, just like to the Cascade Low E Argon Gas Win Pro Series. Longstanding windows from the 1980s and beyond lose up to 100 times more temperature than an insulated solid wall. “While older casements, transoms, and sliders are beautiful, having the newest windows and frames prevents air and energy leakage, cutting your heat loss by 75 percent,” Hiles states.
One of the most considerable extravagances of the 21st century is a perception of secrecy. In every one of the beautiful rental houses, apartments, and accommodations created by Marcus Hiles and Western Rim Property Services, dwellers enjoy the solitude of a peaceful living setting. In the middle of the horde of exclusive amenities allowed inside the Hiles communities, solely popular amenities can’t be recognized out in the bare, still its repercussions are unmistakable: the tranquil and quiet of a home provided with full depth cellulose sound insulation.
At first glance, there isn’t much in common between Dallas and New York or Los Angeles, beyond ranking among the ten largest cities in the country. Yet, Texas real estate developer Marcus Hiles notes, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” 55.9 percent of Dallas households currently live in rental housing. Around the country, citizens are increasingly choosing tenancy over home ownership, and the population of tenants is expected to grow by at least a half million each year through 2023. Contrary to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual cost of rent may outpace total mortgage costs for the year, buyers are saddled with maintenance expenses and higher utility payments – making the rental lifestyle more appealing to many.
On numerous occasions, Activist and known Philanthropist Marcus Hiles has stated that there’s an increasing number of individuals from all across the country coming to Texas with the goal of obtaining financial freedom through renting their new properties. The Head of Western Rim Property Services has seen that virtually all new rental properties are escalating quickly, representing a never seen before opportunity for new investors and renters to come and live the rest of their life in luxury thanks to renting. Numbers are expected to grow every year.