Affordability issues can impact the multifamily property market in several ways. Firstly, it can slow down the transition of millennials from renters to homeowners, thereby maintaining a steady demand for multifamily units. However, it can also lead to regulatory changes such as rent control, which can decrease investment in the multifamily market. Additionally, affordability issues can shift the focus of investors and developers towards smaller metros and suburban areas where the cost of buying or building is typically lower.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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