I recognize the type font...seriously, what percentage of condo buyers, do you think, purchase these units for vacation, rental, or as an investment? Is this also part of a time-share practice?
If you take Austin, Texas for example, a large percentage of condo and apartments are purchased by well heeled investors as tax shelters and income generators. Investors are driving the boom of condo and apartments development in Austin. Of course, Austin has a vibrant tourism, conference and convention market, something that Fort Worth does not have at this time.
However, the tax structure could make investments in Fort Worth's relatively inexpensive real estate market a draw for out of town investors to enter our market as U.S. and Texas in particular are seen as a safe and favorable tax jurisdictions for national and international investors.
My hunch is that WR is more "dipping its toe in the water" and aiming at investors who are looking for new opportunities than it is their looking at the City's traditional housing market.