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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Blog Archives
To Fix or Float? That Is the Question
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
No Comments ↓
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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Emily Dickinson - Hope Is Not a Strategy
I many times thought Peace had come
When Peace was far away—
As Wrecked Men—deem they sight the Land—
At Centre of the Sea—
And struggle slacker—but to prove
As hopelessly as I—
How many the fictitious Shores—
Before the Harbor be—
-Emily Dickinson
Every so often I will read poetry to tap into timeless thoughts and wisdom.
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December Is Back in Play
It’s been awhile since I have had a blog post with a lot of charts and graphs. This is largely because my typical source for these, www.thedailyshot, had been off line for a long period of time.
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The Cockroach Theory Is Now Live
Powell’s Pivot and Market Tightening: Cockroaches Emerging in Credit Markets
The financial markets are flashing warning signs that deserve attention. Federal Reserve Chair Jay Powell’s recent shift in focus, combined with tightening money markets and emerging credit problems, suggests we may be entering a more challenging environment for credit quality.
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