U.S. Multifamily Acquisitions Hit Record Highs
[{"id": "ffr5xyq", "text": "Surprised Los Angeles/Bay Area not mentioned as declining.", "replies": [{"id": "ffsrdyi", "text": "IMO, multifamily properties are still incredibly attractive in those regions. Supply is constrained, their economies are among the most dynamic on the planet, and the stability they showed through the last recession makes the lower cap rates worth it.", "replies": [{"id": "ffstpex", "text": "Sssshh.  Can't make any money investing in CA,  Nobody invests there anymore, it's too crowded!", "replies": [{"id": "ffswqsm", "text": "It's almost as bad as the terrible weather, cuisine, and cultural options the state has to offer. What a dump!", "replies": [], "depth": 4}], "depth": 3}, {"id": "ffvrp6j", "text": "I think there were attractive, and may be again.", "replies": [{"id": "ffwk37r", "text": "Care to elaborate? There are a lot of people making a lot of money in California multifamily and commercial RE in general...", "replies": [{"id": "ffxwmex", "text": "I am not interest at these low CAP rates, loss of eviction without cause, and rent control.\n\n\"Lot of money\" - I own several small multifams in LGB.  Many, many similar owners in the area are small fry mom and pop like us. It is only because we were able to buy when the market was down in 2010-12, coupled with the surge in rent pricing, that we were able to do ok.  Prices have risen since then and have now stalled.  I plan to direct my investment $ elsewhere.  Unless there is another opportunity (recession, etc).", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]