Western Rim Founder Marcus Hiles is very aware of the changes in property trends across the USA. One of his observations is the change in average family size. It has dropped from 3.4 persons per households in the 1960’s to just under 2 people per household today. As a result of this there are far more households today that require a lot less square footage given the smaller household size. The average household has less total income than before when adjusted for inflation. As the average has come down to below two many households only have the one income. Households consume far less space in modern day.
Owning your own home is a classic american dream. This idea is being turned inside out by a new way of thinking. Since the housing bust in 2008, renter populations have experienced massive growth. Many people are deciding to live in cheaper mini-homes as well to save money on renting while they save for a bigger home. The renter population has swelled to 43 million households. This demand is expected to grow by 4.7 million households by 2023. this population of renters includes successful professionals, families and retirees.
Western Rim Property Services is helping to meet this demand for high quality rental properties. Echo boomers may only ever rent and never own a home. Successful young people rent and do not own. Every year the number of renters will grow by 500,000 until 2023. The maximum apartment construction in the US every year is 300,000 per year. It is evident from this that there will be a real need for more rental properties in the future. Western Rim provides the best quality and desirable apartments at the most affordable price.