Better to rent than buy in DallasBetter to rent than buy in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=209712018-08-31T05:00:00Z2018-08-31T23:00:00Z

Beracha, Hardin, & Johnson Buy vs. Rent Index: Dallas, Texas.DALLAS – As far as wealth creation is concerned, it is now better to rent a home than own one in​​​​ Big D, according to the Beracha, Hardin & Johnson Buy vs. Rent Index, a quarterly index produced by Florida Atlantic University and Florida International University.

Of the 23 cities covered in the index, 16 of them, including Dallas, are in rent territory, meaning renting and reinvesting, on average, will outperform owning and building equity in terms of wealth creation.

Other cities the index predicts will experience downward pressure on ownership demand are: ​​​​Atlanta; Denver; Honolulu; Houston; Kansas City, Mo.; Los Angeles; Mi​ami; Minneapolis; Philadelphia; Pittsburgh; Portland, Ore.​; San Diego; San Francisco; Seattle; and St. Louis.

According to Eli Beracha, co-creator of the index and director of the Hollo School of Real Estate at FIU, recent jumps in home prices play a big role in moving the market to benefit renters.

Dallas Business Journal
Dallas-Fort Worth-Arlington

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