Multifamily is crashing!
-30M+ permanent job losses
-30M+ looming evictions
-Jobs won’t recover for years.
-NO V SHAPE RECOVERY
A year ago, I told multiple multifamily investors, that the economic expansion can not continue and the crash will happen within a few years.
THEY ALL LAUGHED AT ME. 😂
I bet they ain’t laughing now. 🤭
Many multifamily investors did not take in account of a black swan event.
Nobody can predict black swan events, but only prepare for it.
Many investors and banks overpaid on multifamily properties.
This is just the beginning.
We haven’t even made it to the bottom of the economy yet.
During the last recession, multifamily crashed 30% and took 1.5 years to bottom out.
I can’t wait to be greedy. 🤑