The “2nd Wave” of the Commercial Real Estate Crash Is Close

Dave: I’ve been looking across different asset classes, both in real estate and across the entire economy, whether that’s residential real estate, commercial real estate, gold, cryptocurrency, equities, and one asset class continues to stand out as the best opportunity for the next five to 10 years. And I’ll just give you a spoiler. I think it’s commercial real estate because if you look at residential real estate, it’s great for a lot of reasons, but the prices are high. If you look at equities, prices are high. If you look at commodities, prices are high. But in commercial real estate, prices have already come down at least 20% and in some sectors like in office, up to 50%. And I personally think that those declines could increase giving a perhaps once in a generation buying opportunity for investors. And today, to test this hypothesis, I’m inviting back investor Brian Burke, who is the smartest person I know when it comes to multifamily real estate. Brian always gives it to us straight and he’s got one of the best perspectives on how to view the multifamily market and how to take advantage of what’s coming next. This is On the Market. Let’s get to it. Hey everyone. Welcome to On...