re: #135 A Three Hour Tour

Just for context: How many apartment units do you happen to own, if any?

Full disclosure: I own none.

I own none personally. Have friends who own a few and one friend who’s family owns around 70.
In fairness, I hear most of the complaints from the friend who manages dozens of the family properties.

If you look at the real estate market in general today, it’s insane. Home prices are up 15%+ year over year. The big contributing factors are very low interest rates, covid disruption of the construction industry, remote workers fleeing cities, and the foreclosure moratorium (which goes hand in hand with the eviction moratorium). At some point housing prices will return to reality and a lot of homeowners will be underwater with their mortgage. The longer these forces go on, the worse the fallout will be, IMHO.