This Economist Says The Fed is Misreading Inflation
The Forecast:
“…it’s pretty obvious that rental price growth was way out of line by late spring 2021. It’s also evident that rental inflation is now in deflation mode.”
“However, we wouldn’t feel the impact of new units for another year or two, so expect prices to remain elevated for the foreseeable future.”
Our Approach:
Market conditions don't sideline us. Every investment undergoes a thorough evaluation to assess feasibility. If the numbers align, we proceed with development opportunities. Otherwise, we move on to the next prospect.
Source: BiggerPockets.com, November 27, 2023