Western Rim Property Services Chairman and CEO, Marcus Hiles, backs Texas’ growth policies and urges other states to follow its lead. Hiles believes that the state’s success is due to the lowering of government regulations and spending in conjunction with providing businesses and residents with a stable environment.
When temperatures peak and air conditioners are working overtime, Marcus Hiles points to traditional roofing insulation as the culprit. A home’s roof absorbs radiant energy from the sun, in turn heating the attic and air ducts and increasing cooling costs. Hiles suggests that, in contrast, highly reflective radiant barrier roof panels installed in the attic will reflect the heat, reducing up to 97 percent of heat transfer from the underside of the roof. “This cheap trick will keep your attic up to 30 degrees cooler,” he suggests.
Millennials and other generations are frequently choosing to rent over home ownership, which has increased the need for high-quality apartment and rental homes. Many of these younger people see units as a long-term solution, not just temporary living. The National Multi-Housing Council has said that 14 percent of the population in Texas are now renters and that number expected to grow in coming years, particularly in large cities. In Houston, approximately 41 percent of the population rents, while in Austin it is 35 percent, with San Antonio close behind at 24 percent. Marcus Hiles says that “The American dream is now not owning a home but renting an apartment.” With this in mind, the goal for Hiles and his company is to create these units in the best locations with top schools and the best amenities nearby.
Texas real estate developer and investor Marcus Hiles encourages states seeking economic growth to follow the lead of Texas. “Over the past decade, our leaders have created an environment for businesses and residents to thrive,” he says. “We have no corporate or personal income tax, and during each session, the Legislature curbs spending growth.” This has helped Texas to grow their gross domestic product to the point that if they were an independent country, their GDP would be the twelfth highest in the world.
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