Marcus Hiles fully supports renters’ and buyers’ insistence upon using the latest ENERGY STAR rated appliances. The ENERGY STAR voluntary labeling program, launched in 1992 by the U.S. Environmental Protection Agency, has become a powerful influence in consumer’s buying decisions. Each year, consumers and program partners are buying 320 million energy efficient products, shaving $31 billion off utility bills nationwide. “Compared to appliances just ten years old, with ENERGY STAR you can save almost half on your energy bill,” Hiles points out.
For Marcus Hiles Dallas news regular, offering a home has always been about creating communities that change people’s lifestyle for the better. In each lavish development by Hiles’ company Western Rim, tenants enjoy access to a wealth of resort-like amenities that elevate and exceed the expectations of standard rental properties. The admired Towers, Estates and Mansions brands provide stunning contemporary design with exclusivity, privacy and unparalleled value. Hiles’ Dallas-Fort Worth, Austin, New Braunfels, Austin, Houston and San Antonio locations are built on exceptionally beautiful, secluded parcels, yet they remain within a close drive of big-city excitement: trendy dining, upscale shopping, cultural points of interest and world-class nightlife are within easy reach. With his unique vision that delivers quality, convenience, and affordable luxury to the market, Hiles significantly enhances Texans’ quality of life.
Many factors push forward the move away from ownership. Marcus Hiles Fort Worth developer sees generational, large-scale shifts as important reasons, including the skyrocketing cost of college and its subsequent impact on personal debt. Millennials frequently must allocate 10 percent of their income towards student loans. Other age groups are also driving up numbers: as generation X-ers remain renters longer, pushing up rates for 30–49 year olds, baby boomers are also more inclined to rent at a higher rate than others of their same age previously. Another cause is the transformation of traditional lifestyles. Nearly half of all baby boomers were married before age 32 and ready to start a family, while barely a quarter of people in their 20s and 30s have wed. Without the attachment of marriage, the increased mobility means that the younger generation is farther from starting a family, and less inclined to pursue home ownership.