5 • 831 Ratings
🗓️ 9 January 2023
⏱️ 11 minutes
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0:00.0 | Hello, |
0:07.0 | Hello, buddy. |
0:24.4 | Jake and Gino here, and today we're discussing 2022. |
0:29.9 | Crazy year. |
0:33.1 | Multi-family, especially at a wild ride. |
0:36.6 | So today, we're going to take a look back on what was and |
0:39.7 | see what we can learn from it because ultimately you look back, analyze history, maybe we can |
0:44.7 | make some pivots where we messed up and start to look for a great 2023. Gina, how you doing |
0:50.9 | today? Doing great, Jake. I've got some notes some notes here and as you say it was a crazy year |
0:55.4 | when hasn't it been a crazy year in the last i don't know since the great 2019 was 2019 seemed |
1:00.3 | kind of okay i like 2019 2019 was a good year what was since 2019 it was kind of nutty but what was |
1:05.8 | good what was a good year about 2019 let's reflect on you know you know what i like you know what i like |
1:09.9 | i like boring good stable growth I like? I like boring, |
1:11.2 | good, stable growth. We like to keep it boring. I like to let the good times roll. |
1:16.6 | You know, I'm not much for any excitement. I just, you know, because we've had all had excitement |
1:21.8 | in our lives, right? Just keep it simple, positive growth. And I'll be a happy camper. |
1:25.7 | But hey, I guess that's not life. So that's why you hate 2022 because in the beginning of 2022, the first few months before they |
1:31.7 | decided to become adults and raise interest rates, which they should have done probably a year |
1:35.3 | sooner, deals were being bought on bridge debt. This is stabilized deals that people were buying |
1:41.0 | on bridge debt. And it doesn't get any crazier than that. |
1:44.5 | If you think about it, now rates have shot up. That's been adding some turbulence to the market. |
1:49.4 | I think prices need to be readjusted. But Jake talked about stable growth. In 2021, rent growth was up |
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