Photo courtesy Wikimedia Commons

More and more people are choosing to rent, economists are finding, but Apartment List found in a recent study that one particular — and somewhat surprising — segment of the rental market is booming: high-income renters.

The report deems those with six-figure incomes as high-income renters, and a growing number in this income bracket are choosing to rent their homes instead of buying. On a national basis, almost two million (or 48 percent of) high-income households became renters between 2007 and 2017.

“In Dallas specifically, high-income renters grew 91 percent from 2008-2017,” said Apartment List research associate Rob Warnock.

Why? At least in Dallas, it may be the sheer volume of luxury apartments available. (more…)

dallas_addison_texas_apartments_fiori_BDG_680_3It’s August, and still we see those “NO!” NIMBY signs all across Preston Hollow, indicating homeowner’s opposition to a potential multi-family residential development by a company called Transwestern, at Preston and Northwest Highway, Behind the Pink Wall. It’s been eight months since I wrote these words:NO-to-Transwestern-Deal (more…)

Ritz lease exteriorWouldn’t you just love to have an address that says, “Ritz” without actually OWNING it? Talk about the $30,000 Millionaire! Maybe there is one, maybe there are two, but there are no more units at the chi chi Residences at the Ritz-Carlton Dallas available for lease. That’s why you want to walk, not run, in your best $200 Nikes to catch this unit #904, a one-bedroom, one and a half bath on floor nine that has a twin in the same building: the stunning red and black decked out Carleton Varney suite. (more…)