Renters Spend More Time in Recreation Than Homeowners – Marcus Hiles

Like everything in Texas, even the market for sophisticated living is bigger. Marcus Hiles, Chairman and CEO of Western Rim Property Services, remarks that almost all properties in Texas are luxurious allowing renters opportunities to live an upscale lifestyle.
“A growing number of singles, families, empty nesters, and retirees are finding satisfaction through renting,” he states. “Across the U.S. the number of tenants is expected to grow by a half million each year through 2023.”
There is a definite question on why renting is preferred over owning. Hiles states that, in Texas and across the country, people look forward to the flexibility a rental accommodation permits. “We’re a mobile population,” he suggests. “The idea of settling in one place for a decade – or for the length of a 30-year mortgage – doesn’t hold the same attractiveness as it did a generation or two ago.” Demystifying the myth that owners have an advantage when it comes to personal happiness, Hiles points to research that highlights that renters enjoy more happiness. “People who rent actually spend more time engaging in recreational activities and interacting with their friends and neighbors,” he adds.

Read more: http://finance.yahoo.com/news/marcus-hiles-explains-happier-texas-061434027.html