Why Multifamily THRIVED in 2008 — And What’s Coming in 2026 (Real Estate Crash Breakdown)

What happened in 2008 with multifamily and what are we thinking in terms of 2026? Multifamily had the most stable and countercyclical demand in 2008. Right. When the economy crashed, people stopped buying homes, they stopped expanding offices, they stopped with, you know, spending money in retail. But they couldn't stop needing a place to live. Right. And so, you know, occupancy generally stayed strong in most markets. Rents softened modestly, millions moved from home ownership back into rentals, and household formation bounced back quickly.