Will the Multifamily Market Crash in 2021? Multifamily Real Estate Forecast During the Pandemic

Ari Rastegar discusses why multifamily real estate will not crash in 2021. Jason Hartman and Ari discuss the strong rent collection during the pandemic, the renter mindset of millennials, and the record levels of young adults living with their parents.
0:00 Introducing Ari Rastegar
1:57 Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected.
4:42 In the single-family space, we’re seeing a surging of home prices.
7:32 In regards to shadow-demand, the majority of US young adults live with their parents.
12:19 California and New York are the ‘land of the flee,’ and Texas is the ‘land of the free.’
15:10 Q2 sales of Manhattan apartments down by 54%
19:38 Risk controls in the sub-prime market have been put into place to protect the residential side of recession effects.
20:43 Retail and commercial will suffer longer.
21:43 Ari believes that work-from-home is entirely unsustainable.
26:46 “People are going to miss opportunity because opportunity shows up in overalls.” -Edison

Ari's website: https://rastegarproperty.com/

Register for the Pandemic Investing Online Summit on October 17th: https://www.pandemicinvesting.com/

Learn More: https://www.jasonhartman.com/

Listen to the podcast: https://www.jasonhartman.com/podcast/

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