- The general consensus was we're not at the bottom yet.
- The demand has increased for the larger units. Apparently, more people are sharing apartments.
- It seems that some landlords are actually reducing rent in order to keep their tenants.
- The multi-family market is still feeling the credit crunch. The lenders say that they are still lending, but you have to fit in their box (and it's a small box).
- A bit of positive news. Again, there was a general consensus that the multi-family market would lead when the commercial real estate market starts to come out.
There was also a interesting presentation on "How to Calculate the True Return on Real Estate Investments" put on SIFF Investment Services Inc of San Francisco.
This can be considered a plug for the CCIM Education Program, so if you're not interested, you can stop reading now.
A lot of what they talked about (including their model) was covered in the CCIM classes that I took in order to get my designation. I actually prefer the CCIM model because it allows you to calculate the best, worst and probable cases as well as calculate after tax return on investment for each of the cases.
Your comments are always appreciated. Thanks for reading.
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