RE:RE:ANY IDEADevil's advocate:
"But most caps in their books are quite high only residential is low at 4,5,"
The are exiting high cap office/retail business and moving into the low cap rate residential business. ... I guess AFFO will decline. Erhm.
"but there they had a 18% same property growth, so what is expensive today might seem cheap in 3 years."
Yes if growth keeps up well. However if everyone is doing the same thing and building multi family, we could be walking into a glut at some point.
"Inflation wasent adjusted for during the pandemic, there is a lag. So if incomes and rents go up 30% over 5 years, it leaves caprates same place, but property more valuable.
Blackstone just spent 10 billion yesterday, on that playbook."
Yes everyone has, knows and is following the same playbook, I find that concerning.
I'm long HR
Not confident in my statements above, just tossing around some thought food.
GLTA