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33: Could Build-to-Rent Investing Deliver a Deathblow to Multifamily? w/Fundrise’s Ben Miller

On The Market

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The Home Building Industry Is Now Flipping Again

The home building industry's now flipped again, and like, sales are falling. We've been saying since january that the interest rates a going to be higher for longer. And i think most things don't pencil at more than four % interest rates,. So we have like 700 million dollars of dry powder right now. I remember t one of the best deals i ever did in two thousand nine. That's the credit markets. In a financial crisis, all the action happens in the liquid credit markets. You couldn't really buy properties, but you could buy the paper. The pricing shifts a lot faster, and you can get way more distress.

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