This thread is inspired by the Shopping Centers affected the by the current economy... thread.
The discussion in that thread is very informative and made me think about the relative strength of other sectors of real estate development, particularly new rental multi-family.
I got a couple questions that I would love more insight into:
What do you think?
- With the explosion of foreclosures, is that having positive effects on the rental housing market?
- Provided financing is available, would developing new rental multi-family be a good idea, or would it languish empty like some/many of the multi-family condo developments around the country?
- Will the glut of new built single family, condo townhouse and condo multi-family buildings limit the market for new all rental multi-family, since some, if not many, of the currently built condo units and single family building will surely be bought at cheap prices and rented by solvent investors.
I, anecdotally at least, feel that there should certainly be a market for well located new rental, especially in "stable" established cities and suburbs.