“Do we have a boom or do we have a bust in the multifamily industry?” John Healy Jr., co-founder & principal of Hyde Street Holdings LLC, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.
The response from the audience was unequivocal—and clearly anticipated the course of the discussion—as the overwhelming majority voted in favor of a “housing boom” that we will continue to witness over the next two to five years.
Read more...ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials | Multi-Housing News Online
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