RE:RE:RE:RE:SCOOPED UP SOME SHARES OF MANY REITSScroogeMcDuck1 wrote: TO real estate prices make no sense.... but I watched a bunch of bnn videos yesterday and here is some stats... a condo building takes 100months to plan and complete, 70% of condo buyers are investors. As the interest rate math makes current rentals under water, new supply will come to a halt for many years. Makes HR condo conversion plans for office look good. Looked on mls this morning and a new studio 500sqft condo is 400k. I feel bad for people with those options infront of them.
And yet, rental vacancy rate is 2%.