If there's any upside to COVID-era rent inflation, it's that it led to the biggest apartment construction spree in 50+ years -- which, in turn, flattened rents. Unlikely we'll see either scenario again soon -- massive rent inflation nor massive construction boom of that scale.

Google Maps has a handy "Coffee" button to find coffee shops but needs a filter option to quickly remove Starbucks and Dunkin, which otherwise dominate ~75% of the results.

I'm not against piloting social housing development programs (like what AOC and Tina Smith pitch here) for two reasons: 1) We need more affordable housing of all types. 2) It'll prove to cynics that housing is expensive to build and expensive to operate/maintain. Some of the

How will the Fed's 50 bps cut impact multifamily cap rates and deal flows? Well, most buyers this year were already pricing in the cut -- so the direct impact is probably fairly small ... until buyers start pricing in the NEXT cut(s), which could push cap rates down a bit more.

Pretty cool apartment project-- 800 units atop a Costco in Los Angeles, including 184 set aside for low-income affordable housing.

This is true on rental side, too, where rents for brand new apartments are creeping closer to average rent for stabilized apartments (in spite of higher construction costs) due to volume of supply competing for renters.

On housing policy pitches, we need to raise the bar from "better than the other candidate" to "this will actually move the needle" -- which means addressing homebuilder barriers and bringing them into the discussion.

Link to article nbcnews.com/politics/2024-…