#88 Apartment Prices Are Down 30% (Rates Aren't Dropping for 2-3 Years)
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#88 Apartment Prices Are Down 30% (Rates Aren't Dropping for 2-3 Years)
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The apartment market has been getting kicked in the teeth for a few years now — values down, days on market up, and rates climbing again instead of falling. In this conversation, Cody Charnell and I go back and forth on what's actually happening in the Long Beach 5+ unit market, why our buyers are still buying, and the ADU mistake that's quietly costing fourplex owners real money.
If you're an owner waiting for rates to drop before you sell, you need to hear the two-to-three year outlook we're working with. And if you're a buyer sitting on the sidelines because rates are high, you may be looking at this backwards.
Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Website: www.SageREGroup.com
Phone: 562-307-0838
Instagram: https://www.instagram.com/multifamilylongbeach/
Facebook: https://www.facebook.com/SageRegroup/
LinkedIn: https://www.linkedin.com/in/juanhuizar-sagerealestate/
YouTube: www.youtube.com/sagerealestate
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