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Fundamentals Weaken for U.S. Apartment Building REITs [View article]
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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.