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Investors give us a lot of reasons for not investing today. This video rattles off a long list of both positive and negative trends in the Puget sound region's apartment market.
Among other things, there are still a lot of new units poised to begin lease-up in 2010; vacancies are high and moving higher; rents will decline more next year; and net operating income will continue to slide.
Among other things, new construction will virtually halt in 2011; capitalization rates have lowered values by about 25%; job growth will start again in 2010, fueling net in-migration; and the number of young people in the 20-34 age group should grow dramatically over the next five years, fueling apartment demand.
Is this the time to buy, or does it make more sense to sit on the sidelines a while longer? This article continues where the video left off, by looking at three ways investors can come up with flawed conclusions when thinking about their investment options.
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