Fri, 16 October 2020
Ari Rastegar, the founder of Rastegar Property Company, joins Jason Hartman today to share his insights on investing in many sectors, with a particular emphasis on multi-family housing. Will retail and commercial suffer indefinitely, or will this all pass? If you put in the work, 2020 is an incredible opportunity to invest.
[1:15] Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected.
[3:45] In the single-family space, we’re seeing a surging of home prices.
[8:00] In regards to shadow-demand, the majority of US young adults live with their parents.
[12:10] California and New York are the ‘land of the flee,’ and Texas is the ‘land of the free.’
[15:00] Q2 sales of Manhattan apartments down by 54%
[19:20] Risk controls in the sub-prime market have been put into place to protect the residential side of recession effects.
[20:00] Retail and commercial will suffer longer.
[21:15] Ari believes that work-from-home is entirely unsustainable.
[26:10] “People are going to miss opportunity because opportunity shows up in overalls.” -Edison
Direct download: 263__Manhattan_Apts._Pandemic_Housing_Prices_Ari_Rastegar_COVID_Real_Estate_Outlook.mp3
Category:general -- posted at: 12:00pm EDT