Multifamily Developers

topic on 1 show · 1 statements across 1 episodes

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Sacks: Multifamily real estate is hurting from multiple compression, not vacancies
“The reason those multifamily developers are getting whammied right now is, again, it's not because of vacancy. Everyone wants their apartments. The problem is multiple compressions. The value is much lower, which means they can't get as much debt.”
David Sacks Aug 18, 2023 ▶ 1:24:39 E142: "Rich Men North of Richmond" hits #1, upward mobility, real estate capital crunch, Trump RICO

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