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71: The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know w/Brian Burke

On The Market

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What Are Your Thoughts on the Market?

The cap rates haven't really expanded to the point I would expect them to at this point in the cycle. And there's just enough people that still live in dreamland to make to obscure what's really going on in reality. So we're in this little phase of price discovery where there's a wide bid ask spread resulting in almost no transactions with the transactions that are taking place. The thing that people got to think about is if a cap rate was 4%, and it goes to 5%, you go, Oh, you know, cap rates move 1%, no big deal. But guess what? From four to five is a 25% decline in asset value.

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