The rent versus buy debate
As the rent versus buy pendulum swings and talking heads argue over which is better, the inarguable point is that nationally, apartment vacancies are going down, rents are going up and the word “boom” is entering traditional media vernacular yet again.
Is the next real estate “boom” (a word we hesitate to use) in buying up apartment buildings? Multifamily loan delinquencies continue to rise but that has not impacted the potential for those in the market to snap up properties.
What do you think of the word “boom” being used pertaining to multifamily purchases? If it does become a boom, how would that impact the housing sector overall? Share your thoughts with us in the comments below.