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The Default Cycle Is Coming With Melody Wright

Lead-Lag Live

00:00

Multifamily

I can tell you that anytime the government has gotten involved to try to increase home ownership rate, it comes crashing back down. And so from a multifamily perspective, you know, things are about to get absolutely crazy. I was just in Tennessee, East Tennessee over the holiday, saw a suburb that's probably going to be empty for a long time as being built as half finished. Those take 18 to 24 months to come on the market. And we have a glut in construction and it's coming. No one is going to be getting the rents that they thought they would be getting.

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