5 • 831 Ratings
🗓️ 18 June 2025
⏱️ 17 minutes
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0:00.0 | Hello and welcome. |
0:05.0 | Hello and welcome. My name is Gino Barbero, one of the co-founders of Jake in Gino. |
0:26.2 | And in this how-to lesson, we're going to be discussing the end of the apartment glut. |
0:31.9 | Is it here? Is it not? What's driving rents are Are they going up or are they going down? |
0:39.4 | It's been very interesting to see apartments being built. |
0:44.5 | It's something you can just drive through a neighborhood, drive through a city. |
0:47.1 | You're seeing all these cranes, but you're not understanding that there's a significant |
0:51.3 | time lag. |
0:52.3 | Now I want to take you back to the 2008 Great Recession. You may be saying, |
0:56.2 | why do we need to go back there, Gino? What are we going to find out from back there? Well, |
1:00.7 | it's called a market cycle. And one interesting thing that happened back in 08, after 08 happened, |
1:06.9 | building stopped for years. You're talking three or four years of very little building, |
1:13.6 | but population is still growing. There's still need for housing. It didn't really start kicking |
1:18.4 | back in until 2013, 2014, where we were in the recovery part of the cycle. And it continued to plow |
1:25.5 | along. The economy got better. R got better rates dropped builders going back into |
1:30.3 | the market they start building 2020 hits and bam all of a sudden things slow down for a little bit |
1:36.3 | supply chain issues problems getting stuff online but the crazy part was money's cheap and we needed housing and builders all flocked into there. |
1:48.6 | And when the cost of capital is that low and you've had it that low for years, it spurs building. |
1:53.7 | It spurs people taking risks. |
1:56.3 | And unfortunately, what COVID did is at lengthen the market cycle. |
2:01.1 | We'd be through all the nonsense. We'd be the market cycle. We'd be through all the nonsense. |
2:03.0 | We'd be through this recession. |
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