Top 10 Reasons Multifamily Real Estate Markets Get Overbuilt
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Do you ever wonder why the heck more and more apartments keep getting developed when a market is already overbuilt? To buy more apartment deals and find more sites to develop click https://www.beaubeery.com/book. As a multifamily real estate broker I get asked on a regular basis why more and more apartment complexes keep getting built in what they think is an already overbuilt market. Overbuilding is a normal event in the real estate world that has occurred throughout history and will continue in to the future. Developers don’t purposely build too many projects for a market but in this video I review 10 reasons why this happens to even some of the most experienced developers in the country. These reasons often reign true for all asset classes in the real estate world, including single family residential, office, retail, industrial, hotel, and so on. Developing projects from the ground up can be very lucrative but improper research, bad timing, and bad luck can devastate any project.
Time Stamps:
00:38 Reason 1 Multifamily Real Estate Markets Get Overbuilt – False hype
00:48 Reason 2 Multifamily Real Estate Markets Get Overbuilt – Costco Syndrome 01:17 Reason 3 Multifamily Real Estate Markets Get Overbuilt – Low Basis Developers 01:44 Reason 4 Multifamily Real Estate Markets Get Overbuilt – Slow Government 02:07 Reason 5 Multifamily Real Estate Markets Get Overbuilt – No Online Pipeline 03:06 Reason 6 Multifamily Real Estate Markets Get Overbuilt – Brokers stay quiet 03:44 Reason 7 Multifamily Real Estate Markets Get Overbuilt – Poor data
03:56 Reason 8 Multifamily Real Estate Markets Get Overbuilt – Overzealous Government
04:20 Reason 9 Multifamily Real Estate Markets Get Overbuilt – Pressure to place capital
04:41 Reason 10 Multifamily Real Estate Markets Get Overbuilt – FOMO
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