0:29

In this brief commentary, the speaker argues that small and midsize apartment buildings—typically 5 to 50 units—are not the focus of institutional investors or private equity firms. He clarifies that the financialization of housing discussed by economists mainly concerns large-scale single‑family rental portfolios and institutional‑grade assets, not owner‑operated buildings in the 5‑50 unit range. Consequently, the value of these smaller properties is driven by the income they generate rather than by Wall Street speculation.

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