In interesting story in the Houston Chronicle. Discusses how well the multifamily sector is doing. This should be great news for Fat Property, right? Not really. We’re more buyers than sellers. So when the prices of properties go up, that normally just means our property tax bill goes up, and it’s harder for us to find new properties to buy.
So while we’re happy to see our sector doing so well, I think a small pullback might be healthy for the long term success of this business.
What do you think?