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Is the Real Estate Market About to Collapse? . . . Can A Developer Avoid the Business Cycle?
Manage episode 374371736 series 3392534
Unknown에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Unknown 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Always ready to pass their wisdom onto the millions of listeners who hang onto their every word, Adam and Jeff discuss how the the real estate market and, indeed, the economy as whole, goes through 7-10 year business cycles over and over again. Jeff points out that lower interest rates do not necessarily lead to better deals because crafty buyers simply raise the prices of their real estate properties accordingly. The problem with the proliferation of new apartment buildings throughout the country is that they are so expensive to build that the average family has no hope of affording the monthly rents. Adam and Jeff suggest that this overbuilding is no different than overbuilding in the past because major real estate projects take so many years to design, permit, and construct. Adam points out that developers have resorted to requiring condo buyers to put half of the purchase price down ahead of time because the banks do not want to finance real estate construction any more. As a result, the builders are able to use buyer deposits to construct the buildings. If things go bad, then the prospective condo buyers--not the banks--will be the ones who suffer the loss.
137 에피소드
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