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  • Fundamentals Weaken for U.S. Apartment Building REITs [View article]
    "...we could see record numbers of renters looking for apartments in a relatively supply-constrained environment. Of course, until then, fewer jobs mean fewer rent checks."
    ----------------------...
    That's an interesting observation that merits some questioning. Is there a decline in apartment occupancy due to:
    1) a massive increase in homelessness,
    2) a massive increase in home ownership,
    3) or an increase in roommate / adult-kids-with-parents arrangements?

    Or are there just more evictions, unpaid rents, and so on? The answer to these questions is key to predicting recovery. In any case, I agree with the unemployment / rent revenue correlation implied here.

    Apr 07 17:08 pm |Rating: +1 0 |Link to Comment
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