The industry’s obsession with institutional capital misreads what long-hold ownership actually costs — and what it buys.
The industry’s obsession with institutional capital misreads what long-hold ownership actually costs — and what it buys.
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Hard-cost inflation in multifamily has not reverted. It has rotated — from lumber and metals into labor, soft costs, and the slow tax of municipal delay.
The case for durable rent growth in rent-stabilized pre-1978 product — and why the cap-rate number is the wrong lens for evaluating Westside multifamily.