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PPC Strategy for Q4 Holiday Sales with Expert Pat Lum from Asteroid X (Part 2)
Firing The Man
Is There a Cap Rate Expansion in Real Estate?
In the near term, we're going to see an expansion of cap rate. It will never go back to 2%. We got spoiled. Our young syndicators in the market grew up 1000%. Hold on. These are new people who got to learn how to raise money and they wanted to buy product. They kept on overbidding. I mean, multifamily, look at how many people were bidding, overbidding, stepping on everybody's toes. Those days will be gone,. You know, it's like, you can't marry the numbers. Don't expect rent growth to come down because those interests won't grow much or repositioning. The cost of material, labor,
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