For those anticipating multifamily distress, the wave is building. As part of my consulting practice, I’m seeing a groundswell in underwater housing assets across the south east. Acquired at the peak of the market, things are now floating back down to earth (and back into the realm of historic pricing ranges once more). Having been the awkward beneficiary of working for companies where I’ve seen firsthand the impact of poor market timing, it’s critical to remember that basis is forever— it’s much easier to correct course at a distressed property when you get it at the right price, versus paying high and hoping you can sell higher.
Timing is everything in the real estate market! ⏳
Xiaoxiao Liu
1y
Very curious to hear about the poor timing!
VP of Economic Development at Midtown Benefits District
12mo“Basis is Forever”… if I ever get a tattoo this might have to be it