Take notes📝#realestate #multifamilystrategy #multifamily

When you're driving the market, you're seeing Amazon building buildings, you're seeing a well-established community with a long, long history of stable jobs, you're seeing a growing and exciting university that's doing very well in their sports programs. All of these come together to look like a very stable market. People want to live here. It's a beautiful place to live. It's a fun town. The college is going off. When you look at a market like that, you go, huh, I wonder what will happen to housing over time here as population continues to grow. Answer: prices have to go up. There's not enough development going in right now to maintain the demand of the college. Students need more housing, and if students get more housing, that displaces some of the elderly tenants who also need a great place to live and a great landlord to offer it. You want to provide great places for great people? Go where there's high demand. It's going to make it easier.