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