How did you get to where you are today? I am a firm believer that hard work and having dreams that you strive to achieve will motivate and inspire people to achieve their potential. Working hard, dreaming, and making sure to take advantage of every opportunity is something I learned at a young age. I credit God and God’s grace firstly, but I know that success is a direct result of hard work. I tell my podcast subscribers and followers to continue setting goals, evolving, improving, and planning, and I practice what I preach. I am proud to have started my business in the fastest growing major city in the United States, and I attribute a lot of the success of Exclusive Furniture to the family culture we create in the best city — Houston’s diversity, philanthropy, and innovation have helped me achieve a lot of the milestones in the furniture business (and the “low prices”) you see today!
Whom do you credit? I credit my mom’s prayers. And, to his credit, in the words of Snoop Dog, “I want to thank me; For showing up every day with a plan. Me for caring about my employees. Me for caring about my customers; Me for caring about my community.”
I am truly thankful to have my siblings work with me. I surround myself with great people and therefore great things happen. I want to credit luck, hard work, dedication, good planning, prayers, and believing and having faith in the vision of Exclusive Furniture — “Where Low Prices Live!”
What lessons have you learned that might enlighten and inspire others? I am constantly learning. You should be learning something new every day as there are new lessons. Some more advice: Don’t take things lightly and don’t underestimate or overestimate people. Judge people on their performance. This includes employees, vendors, and contracted people. Make sure you do your due diligence. “You can only expect what you inspect, or something will fall through the cracks.” Don’t dwell on your setbacks, instead use your setbacks as a learning session so as not to repeat pitfalls again. And, don’t worry, you will always have setbacks to learn from; you will just have fewer if you learn from the past.
It seems to me that luck has a lot to do with success, and the harder I work the luckier I get.
What’s new in your life or work that you’re excited about? I am excited to open the new Exclusive Furniture Spring location in June! This will be my 8th location. Not bad for a guy who started out in 1998 with one 2,000-square-foot store. Proud to be where I am today. Now my smallest store is 12,000 square feet. Our 8th location is 61,000 square feet! I am excited about expanding into more Texas locations and continue the brand and culture of Exclusive Furniture.
Alex Au-Yeung (photo by Jenn Duncan)
WHEN IT OPENED a few months ago, The Woodlands outpost of acclaimed Katy restaurant Phat Eatery was billed as Alex Au-Yeung's dream restaurant. Unfortunately, Au-Yeung never got to see it come to fruition, as he passed away earlier this year. But the James Beared-nominated chef-owner certainly left his mark — and in honor of what would be his 53rd birthday, operating partners Kevin Lee and Marvin He have organized two pop-up tribute dinners.
On Sept. 24, at the original location in Katy, enjoy cocktails beginning at 5:30pm, followed by a seated five-course menu with plates prepared by Au-Yeung's chef pals, including Pearl & Vine's Ryan Halstead and Blood Bros BBQ's Quy Hoang. Hoang will be smoking a beef-rib version of Phat's beef rendang, which was his favorite of Au-Yeung's dishes. “We wanted to participate in this event because not only was Alex a longtime friend, but he was also someone that was constantly involved with the industry and community," says Hoang. "We've done several events with Alex, and it was an honor when we got the call to be involved with this event. It was a no-brainer for us.”
The next day, Sept. 25, The Woodlands location hosts a similar event, also beginning with cocktails at 5:30pm. This evening's menu touts dishes by Luis Lopez of Killen's Steakhouse and Jassi Bindra of Amrina.
Both evenings include a special lion-dance performance by Lee's Golden Dragon, and a portion of proceeds from the $80 ticket sales will benefit the Southern Smoke Foundation.
But in addition to celebrating Au-Yeung's legacy, the two-night event is also a chance for the Phat team to come together and raise a glass to all they've accomplished since his passing. “Managing two locations comes with its challenges, but what makes it all worthwhile is the opportunity to build something meaningful and lasting,” says managing partner Lee. “Seeing our team grow, witnessing the impact we have on our community and knowing that we’re creating spaces where people can come together and make memories — these are the things that drive us. The support and dedication of our staff and the loyalty of our patrons make every obstacle seem manageable. Their enthusiasm and commitment inspire Marvin and me to keep pushing forward.”
WHAT DOES IT mean to be "rent-burdened"? The phrase describes those who spend more than 30 percent of their income on housing, and it's become an increasingly relevant part of the larger conversation about the American economy in a post-Covid world.
But a new study shows that Houston, specifically, is actually the most affordable large metro in the United States for recent college graduates. The rent.com report analyzed what percent of income was needed to afford living "alone" (in a one-bedroom apartment) versus living with roommates in several cities across the U.S. Houston is one of only four places where recent college grads are not, on average, rent-burdened: They spend around 27 percent of their income on a one-bedroom apartment, the smallest share in the nation. According to the survey, the median rent in Houston ($1,142) is the lowest among the 33 markets analyzed, and the median salary ($60,277) is on par with the national median.
And for those recent college graduates seeking to live with roommates, Houston becomes even more affordable: The typical grad needs to spend only 17.2 percent of their income on rent when looking at splitting a two-bedroom apartment.
Nationally, these figures are much higher. The average college grad in the U.S. shells out around 38 percent of their income on rent to live alone, and the most expensive cities are New York (56.3 percent), Los Angeles (54.9 percent), Boston (54.8 percent) and Riverside (53.7 percent).
One of the "most interesting" metros in the dataset, according to the report, is Austin, which went from unaffordable (35.2 percent) to affordable (28.3 percent) between 2023 and 2024. It ranks as No. 3 in the current report, between Houston and No. 2 Detroit.
"This makes sense," reads the analysis, since "Austin was the poster child for booming metros during the pandemic, seeing a huge surge in migration from 2020 to mid-2022. This flood of new money and demand led to skyrocketing housing costs, large inflation increases, and a surge in new construction. However, once the sharp interest rate hikes and return-to-office mandates started in 2023, the city’s fortunes reversed, leading to price drops and population loss. Now, some property managers are having to compete for tenants."
