What is causing the preference for leasing over owning? Marcus Hiles believes that, in Texas and around the country, people are enjoying the flexibility the rental lifestyle allows. “We’re a mobile population,” he demonstrates. “The idea of settling in one place for a decade – or for the length of a 30-year mortgage – doesn’t hold the same appeal as it did a generation or two ago.” Debunking the concept that owners have an edge in personal happiness, Hiles points to research explaining that renters come out ahead. He explains, “People who rent actually spend more time engaging in leisure activities and interacting with their friends and neighbors.”
As young professionals buy a home later in life, Marcus Hiles plans for continued growth of his complexes and residents. Renting a home has become fashionable across all income tax brackets, and conveniences such as concierge services, fitness facilities, club rooms, scenic views, and tanning decks provide an upscale standard of living for modern young professionals and families. Community social calendars and sustainable development have become standard practice for environmentally friendly and socially thriving millennials. Modern technology and the “Internet of Things” (IoT) is making the rental lifestyle a better option for Texans looking to live conveniently.