Lots of multifamily investors are quitting
Some have switched to oil & gas or senior living. Some are now buying businesses.
Not because multifamily is a bad strategy.
The market had a huge reset over the last 3 years. A lot of deals got wiped out.
Even today, 99% of deals still do NOT make sense.
So naturally, investors will start looking elsewhere.
This is actually good news! (to some extent)
Less people looking into multifamily creates less competition. Less inflated pricing. And more opportunity for the rest of us.
What are your thoughts?
Some have switched to oil & gas or senior living. Some are now buying businesses.
Not because multifamily is a bad strategy.
The market had a huge reset over the last 3 years. A lot of deals got wiped out.
Even today, 99% of deals still do NOT make sense.
So naturally, investors will start looking elsewhere.
This is actually good news! (to some extent)
Less people looking into multifamily creates less competition. Less inflated pricing. And more opportunity for the rest of us.
What are your thoughts?