While attending the GRI conference in Paris recently, I found myself reflecting on a disconnect between what I was seeing with my own eyes and what I know higher interest rates are intended to accomplish.
Everywhere Heather and I went,
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Blog Archives
Falling Slowly, Rising Rapidly
Last week brought the heartbreaking news that Glen Hansard had died in a motorcycle accident at the age of 56. Like millions of others, I first came to know his work through Once and the timeless song “Falling Slowly.”
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Herbert Simon at the Loan Desk
Why “Good Enough” Is Winning in the Age of Execution
I recently finished listening to Inside the Box, a book that explores how constraints—properly understood—don’t limit creativity, but instead give rise to it.
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To Fix or Float? That Is the Question
The Great Financing Question: From a Decade of Floating-Rate Success to a New Era of Uncertainty
One of the most important strategic decisions we make as multifamily owners is not simply what properties to buy, but how to finance them.
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The Super El Niño That Could Rewrite 2026
Meteorologists are currently staring at climate models with a sense of profound unease. Recent projections from the National Oceanic and Atmospheric Administration (NOAA) suggest that Pacific sea surface temperatures are not just rising; they are threatening to move “off the charts”. Some models predict temperature increases exceeding 7.2 degrees Fahrenheit (4 degrees Celsius) above average by the fall of 2026—a level of warming that would signify one of the most powerful El Niño events in recorded history.
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Houston - Gaining Energy?
Last week was quite busy, so for this post, I decided to turn to Copilot to help me produce the output. Over the past year, our acquisitions at CWS have been heavily concentrated on properties in the Houston area. Of course,
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China Syndrome
How Energy, Geopolitics, and Inflation Are Triggering a Global Market Chain Reaction
Financial markets have a long history of overreacting to geopolitical headlines and then quietly moving on. This time feels different. The recent surge in energy prices following events in Iran—coming on the heels of U.S.
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The Great Recalibration: Navigating the Economic Tug-of-War
The financial narrative has evolved from a simple “cooling economy” story into a complex tug-of-war between recessionary signals and surprising pockets of resilience. While markets continue to price in future rate cuts, recent data highlights significant cross-currents that make the Federal Reserve’s path forward increasingly uncertain.
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2025—A Year of Impact, Presence, and Woah
by 
Gary Carmell
Posted in A.I., Apartments, Economy, Interest Rates, News, Personal, Tennis, Travel
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Gary Carmell
Posted in A.I., Apartments, Economy, Interest Rates, News, Personal, Tennis, Travel
No Comments ↓
If there’s one word that keeps returning to me this year, it’s “woah.” Not the “woe” of victimhood, but the woah of awe—the inhale that invites presence, humility, and gratitude. 2025 brought plenty of reasons to pause: service that nourished the soul,
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The Perils of Water Mismanagement
In 2018 I was on a cruise that took us to eastern Africa, two stops in India, as well as Myanmar, Malaysia, and Singapore. The cruise departed from Cape Town, South Africa. Upon arriving there we were immediately struck by how dire the water situation was.
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