But in the last four years, that data changed — and so did I.
Property taxes have gone insane — up 40% in Texas alone.
Insurance costs? Up 27% nationwide, 51% in Florida.
Construction costs now vary wildly across states, and even land prices behave differently when interest rates rise.
So I had to evolve.
Today, my team at Grocapitus analyzes not just population and income growth, but also the expense side:
*Property taxes
*Insurance volatility
*Construction costs
*Land liquidity
Out of 1,000 U.S. markets, only 12 meet the criteria where middle-income Americans (earning $60K–$85K) can live in new, quality townhomes without being rent burdened.
That’s where we build.
The biggest lesson?
Data is powerful — but it’s not perfect. It points you in the right direction, but you still need to walk the ground, meet the city officials, and feel the pulse of the market.
Key Takeaways:
✅ Expense-side data now matters more than ever.
✅ High taxes and insurance kill great deals.
✅ True investing wisdom blends data with local experience.
🎥 Watch Neal Bawa’s full video to learn how the “Mad Scientist of Multifamily” now combines data + intuition to build smarter.
👉 Subscribe for more data-backed investing insights.
