Re:U.S. Apartment Market Shows Signs of Losing Steam
by Spooky23 on Sunday April 10, 2016 @09:25AM
(#11466004)
A lot of dumb money is funneled into apartment complexes, there has probably been a lot of overbuilding.
Right now there are probably a dozen 200 unit+ complexes going up -- I live in a lower population region (say 250k people), and there's no way the market can absorb that many fancy apartments.
I've also noticed in my area that condo conversions have dried up.
Right now there are probably a dozen 200 unit+ complexes going up -- I live in a lower population region (say 250k people), and there's no way the market can absorb that many fancy apartments.
I've also noticed in my area that condo conversions have dried up.