The apartment market has been nuts here for years and it was never going to last forever. There combination of a glut of like-kind apartments covid has made the drop look a little bigger but considering the rise it shouldn't be surprising. Apartment complexes in the middle-upper markets are already battling for tenants in some parts of Phoenix. They've got some time before the REITs start looking elsewhere, though. Am on the phone with a college friend who has worked for REIT managers at a somewhat high capacity.
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Mr. K the monopoly man
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