Why are we bullish on Houston?

Why are we 🐂ish on Houston? Why do we have existing assets (Multifamily and Express Car Washes) as well as new construction ongoing in Houston❓❓

🚀 Exciting news for Houston! 🌟 The latest stats are in, and they are impressive! In 2023, the Houston metro area welcomed a staggering 140,000 new residents, reflecting its growing appeal and dynamic economy. 🏡📈

But there's more good news. According to recent data from Zillow and the U.S. Bureau of Labor Statistics, Houston's wages have surged by a phenomenal 8.0% from 2022 to 2023. What makes this even more significant? It substantially outpaces the increase in rents, which rose by just 2.7% during the same period. This means a net gain in the affordability and quality of life for Houstonians! 💼💵

With a whopping 5.3 percentage points difference between wage and rent increases, Houston stands out as a top city where earnings growth is truly enhancing residents' living standards. This is a dream scenario for professionals and families alike, making Houston a prime destination for those seeking opportunities and a vibrant lifestyle. 🌆✨

Let's celebrate Houston's booming economy and the brighter prospects for everyone who calls it home. If you're thinking about relocating or investing, now is the time to consider Houston!

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