28: Inflation Falls, Inventory Drops, and Why is Multifamily Such a Mess?
On The Market
00:00
What Is Aggressive Underwriting?
A lot of people are not superfamiliar with multi family. Can you just explain one what you mean by aggressive underwriting? And then i agree with you on the reprising thing, but caun you talk to us a little bit more. Ah, so this was a 52 million dollar apartment, and the underwriting, in my opinion, was extremely aggressive. They hadn't repriced. So we're still talking about pricing from a few months when so many apartments are down by the millions,. 10, 15, 20 million. It's got to be repriced by now.
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