To preface, I am an optimist and believe there are niches in every market that will produce positive results. That said, I think that we are in for a very cold winter that might extend into Q3/Q4 of 2010.
Look at this headline and think of the ramifications for the multifamily space
There are more than six million more job seekers than job openings
nationwide — an average of 2.9 unemployed workers per available job —
according to researchers at the Economic Policy Institute in Washington, D.C.
It appears that many of the basic fundamentals turning south for the apartment as a whole. What plays out is sure to be interesting.
What do see happening in the next twelve to eighteen months?