Quote:
Originally Posted by exit2lef
I'm not sure what this means. Are you saying the Churchill will thrive post-pandemic due to new residents nearby, or that it may continue to struggle due to the recession?
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I’m not actually sure there’s going to be an extended recession. Banks are flush with cash and I’m just not seeing the signs of the credit crunch that was a nagging feature of the great recession.
What I am seeing is an absolute glut of new apartments that wreck class B properties as the A properties have to race to the bottom to fill rents. Although a lot of recent apartment construction has been financed or rather subsidized by opportunity zone tax credits so who knows.
I had friends rented in the skyline lofts when they first opened and they could hardly give away units in the beginning. They steeply raised rents after a year.