Rents Dropping, Syndications Popping & Apple Juice

Oct 20, 2023

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Spoiler alert, it's cheaper to rent than it is to buy in many markets and Chris, Saied and Haroon are here to break it all down. They use the Austin market, which was a major growth market during the pandemic, as a prime example of the stress that may be forcing rental rates further down. They take a break to celebrate some of the nation's top colleges eliminating student loans entirely, but then get back to the apartment market by citing Miami's downward rental trends. Finally, to cap the show, Chris and Saied talk a whole lot of trash about novice syndicators like Brad Sumrok. Oh, and apparently Haroon opens up apple juice jars with his rear end.

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Resources:

Mortgage Cost Surge Makes It Cheaper to Rent in Tough US Market (Bloomberg)

Austin has over 120K apartments in pipeline (The Real Deal

Some of the nation’s top colleges are eliminating student loans (CNBC)

Miami’s Rental Market Roller Coaster Is Headed Downhill (Wall Street Journal)

Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing (The Real Deal)

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