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    An American Dreamer

    The Microsoft of beauty: Farouk Shami's hair-raising empire builds a collegecosmetology school

    Kim Davis
    Nov 14, 2012 | 6:01 am
    • From left, Steve Head, president of Lone Star College-North Harris; FaroukShami, founder and executive chairman of Farouk Systems; Basim Shami, CEO ofFarouk Systems; Dr. Richard Carpenter, Lone Star College System chancellor, atthe groundbreaking.
      Photo courtesy of Lone Star College-North Harris
    • The CHI Lone Star College-North Harris School of Cosmetology is set to open inthe spring of 2013.
      Courtesy rendering
    • U.S. Representatives Sheila Jackson and Gene Greee joined in the groundbreaking,
      Photo courtesy of Lone Star College-North Harris
    • A rendering of the new building.
      Courtesy rendering

    Farouk Shami is a man who loves style, business and prides himself with having great vision. Many know him as the “CHI Man,” but he is known in the beauty industry and the business world as much more.

    Congressman Gene Green calls Shami “an American hero who has taken America to heart.” Congresswoman Shelia Jackson Lee praises Shami’s “corporate social responsibility.” All this on the day Farouk Systems broke ground for a new school of cosmetology.

    “Education is the best ammunition we can give to our future generation. We will share how to run a business; how to run a salon; how to retail (products); and how to communicate with clients.”

    Shami, founder and chairman of Farouk Systems, revealed plans to expand the company’s partnership with Lone Star College-North Harris and create the first CHI Lone Star College-North Harris School of Cosmetology. The school is set to open in the spring of 2013.

    “Education is the foundation for success and innovation,” says Shami, the presenting sponsor of the Miss USA Pageant. “The practical work is what will distinguish this cosmetology school from others. Teaching (students) not just as artist but business people. ”

    LCS-North Harris first partnered with Farouk Systems in 2010 and provided professional development for instructors, CHI products for students and expanded career opportunities for its graduates. It’s a relationship that benefits both parties.

    “Our initial agreement with Farouk Systems was the first of its kind and place us on the leading edge of community college partnerships,” says Steve Head, president of LSC-North Harris.

    Under the new agreement, both entities will combine to provide $140,000 in scholarships for cosmetology students.

    Room to grow

    Head says they expect about 35 students in the first class, but they have the capacity for 100 students in the program each year. They also plan to offer training in related fields like nails, lashes and massage therapy. It’s all about building a business in a growing industry.

    Shami told the crowd he has been a proud hairdresser for 48 years. He calls it an honorable profession that lends itself to business independence and good profit margins. When he talks about the hair and beauty industry he goes beyond the surface and that’s what he expects this new school to do.

    He went on to say, “Farouk Systems is like the Microsoft or Apple of the beauty industry.”

    “Here (they) will be working with our scientist,” Shami says. “Education is the best ammunition we can give to our future generation. We will share how to run a business; how to run a salon; how to retail (products); and how to communicate with clients.”

    “Student success, innovation and partnerships are fundamental to the vision for Lone Star College System,” says Dr. Richard Carpenter, LSCS chancellor. “Our work with Farouk Systems has proven to advance our goals in each of those areas, and I expect this new initiative to continue that trend.”

    Shami says environment, education and ethics are important parts of the business. He talked about the 7000 trees the company planted in Uvalde to provide product for one of his lines. He went on to say “Farouk Systems is like the Microsoft or Apple of the beauty industry.”

    In the midst of the celebration, Shami took a moment to acknowledge the loss of life and property along the east coast in the wake of Hurricane Sandy. In response he says, “We are immediately sending $1 million worth of product to the northeast.

    “One of the responsibilities for anyone reaching the American dream is the responsibility for family, our immediate community, city, county, state and country. We are honored to be an American company that is living and experiencing the American dream.”

    Shami’s dream led him to build Farouk Systems, a Houston based company that manufactures professional hair care products. It is owned by a team of hairdressers, includes more than 2,000 educators and sells its products in more than 100 countries.

    Kim Davis is a journalist with more than two decades of experience covering sports, news and politics in television, radio and print. Kim does weekly "Chalk Talk" segments on Fox 26 Morning News. Follow her on Twitter @kimydavis.

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    THE AMERICAN DREAM

    How long it takes to save for a home down payment in Houston

    Brandon Watson
    Dec 30, 2025 | 12:30 pm
    Home for sale sold sign
    iStock
    Houstonians don't have to save long to afford a down payment.

    Saving for a down payment remains one of the biggest barriers to homeownership nationwide, but a new report from Realtor.com shows San Antonio area buyers face a far shorter wait than most Americans.

    According to the real estate site’s 2025 analysis, the typical U.S. household needs seven years to save for a standard down payment, a notable improvement from the 12-year peak in 2022. Still, the timeline remains roughly double the pre-pandemic norm, reflecting higher home prices, larger down payments, and lower household savings rates.

    Houston, however, stood out as one of the most accessible major metros in the nation. The Houston-Pasadena-The Woodlands metro boasted one of the shortest time sto save for a down payment among the nation’s 50 largest markets, with households needing just 3.5 years to reach a typical down payment, according to the study.

    The report found that Houston’s median down payment from January through November was $14,927. A median household income of $83,452 was estimated to produce an annual savings of $4,228. Notably, San Antonio, the only other Texas city included in the report, had the shortest time to save for a down payment at just 1.3 years.

    Nationally, the time needed to save has shortened as home price growth cooled and affordability modestly improved. Still, saving for a down payment takes significantly longer than it did before the pandemic.

    “Higher home prices and intensified competition have pushed typical down payments higher, at the same time that inflation and rising household expenses have reduced savings rates,” said Danielle Hale, chief economist at Realtor.com, in a release. “Although conditions have improved since 2022, today’s timeline shows that saving for a home takes meaningfully longer than it did before the pandemic, especially in high-cost markets.”

    Lower savings rates have played a key role. The U.S. personal savings rate has averaged 5.1 percent of income so far in 2025, down from the pre-pandemic norm of 6.5 percent, limiting how quickly households can build funds for upfront housing costs. Meanwhile, the typical down payment has more than doubled over the past six years — rising from about $13,900 in the third quarter of 2019 to $30,400 in the third quarter of 2025.

    In high-cost coastal metros, the impact is far more severe. Saving for a down payment can take 20 to more than 35 years in California cities like San Francisco, San Jose, Los Angeles, and San Diego, effectively sidelining many first-time and moderate-income buyers.

    “In high-cost markets, the typical down payment alone exceeds a full year of household income,” said Hannah Jones, Realtor.com senior economic research analyst. “That reality makes homeownership feel unattainable for many buyers, particularly younger households trying to enter the market for the first time.”

    Despite those challenges, the report notes that roughly three-quarters of Americans still consider homeownership part of the American dream. Realtor.com says easing rents could help first-time buyers save more, while repeat buyers may use accumulated savings to reduce loan balances and manage higher monthly payments.

    “Saving consistently, even in small amounts, is a meaningful first step toward homeownership,” Jones said. “In today’s market, building that financial cushion can make a real difference when buyers are ready to act.”

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