Multifamily Asset Class is not Bulletproof in this Real Estate Market Downturn

1647 views

Video added by GowerCrowd | Date Uploaded: October 06, 2020 | Date Created:

Description

From this video: Jay Olshonsky: Now, I can't remember any time in my lifetime where people weren't paying their rent on an apartment because they had lost their jobs in masses amounts like people have or they were getting, whether it's $400, $600, $800 from the US government a week to support themselves during this off cycle and the prospects of the next employment is not there. Plus, the governments have said, you can't evict them and then those have just been extended. So, a product type that traditionally was bulletproof: multifamily, I don't see how that's going to also be unscathed in this and certainly there were other things in multifamily in certain areas and I think I could use downtown Los Angeles, I certainly could use Nashville, where you had oversupply of class A apartments. How will multifamily real estate perform in the current downturn? Watch this to find out. Visit the GowerCrowd website for masses of free real estate syndication and investing resources and training: https://bit.ly/31pWtSx


Categories:
Brokerage, Economics/Market Reports/Research, Events / Webinars
Property Types:
Multifamily
States:
ALL


Suggested Videos

Steamboat Creek Commons | Reno, NV
Now leasing at Steamboat Creek Commons, a planned wholesale-anchored retail center located at the northeast corner of S. Virginia Street and Geiger Grade Rd in South Reno, NV. Positioned along one of the area’s primary retail corridors with direct access to Interstate 580, this site benefits from strong daily traffic and excellent regional connectivity. The project is designed to serve a rapidly growing residential base, with new housing developments and expanding population driving consisten
Town Center at The Preserve: Kenwood's Kitchen Now Open
Town Center at The Preserve: Kenwood's Kitchen Now Open
Lewis Pipeline & Retail Trends with Ken Caron
Lewis Pipeline & Retail Trends with Ken Caron