Related Posts
Anyone joined today?
Well that’s a helpful email, thanks HR 🤦🏼♀️😂
After how many years we shud join tcs??
Is January generally a slow month for corporate?
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I have seen a ton of multi-families come up for sale in Chicago. I am speculating, but to me that means they are having problems with rent and trying to sell before moratoriums are lifted. That being said, these are in nicer areas so probably wouldn’t have a hard time finding new tenants, so could be trying to get in on a hot market.
Mentor
This non sense with eviction moratoriums needs to end. Perhaps not in all areas but in my area every time I turn around I see now hiring signs. Like everywhere.
So many people who can afford to pay rent aren’t because they think the rent will be forgiven too.
There’s a huge shortage of inventory in the multi family space right now. In Chicago a multifamily prices right goes in less than a month for multiple offers, and at a higher value than years passed. I honestly don’t thing the moritorium affects that too much. Sellers are selling because the market it hot, interest rates are low, and thus their property can go for more. Plus if you really want a tenant out, there are ways to get them to leave (cash for keys being one). The vast majority of landlords are still collecting rent too, evictions shouldn’t be very common if you screen tenants well. I struggle to see a situation where the moritorium ending puts more properties in the market
I think properties will hit the market from homeowners that can’t service their new debt - forborne payments plus new payments - not necessarily from investors.