An average new apartment in Dallas’ Uptown neighborhood can cost twice as much as the mortgage payment on a mid-priced North Texas home.
They are willing to pay more for the luxury rental lifestyle and an address in the heart of Dallas.
Greg Willett, vice president with longtime Dallas apartment market firm MPF Research, warns, “we need to pay attention to the affordability factor.”
Read more...Soaring Dallas apartment costs haven’t put a dent in rentals
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