The curve is a cliff. Prices have already doubled and tripled at least once or twice, and that’s just within the last couple of years. There’s no new inventory

The curve is a cliff. Prices have already doubled and tripled at least once or twice, and that’s just within the last couple of years. There’s no new inventory being built, and there won’t be a significant amount of new inventory built any time soon, because Texas is the most terrified state in the country of all the Mexicans coming across the border to take all the jobs. They’ll spend billions of dollars to protect that border, but nothing to build new housing for people moving to the state.