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21 hours, 38 minutes ago Edited

Multi-family is complicated. Coastal zones right now and markets where taxes are competitive, Tennessee, North Dakota, South Dakota, Florida, Texas, you find markets there very buoyant, multi-residential, standalone houses. I mean it's part of the reconfiguration based on the competition of states. When people retire at 65 or whatever, they don't want to live in New York City anymore. They get taxed at 54%. So they move to where it's warm. It's not just the taxes. I don't see another housing market crash. We don't have the same syndicated debt that we had in the last real estate crash. It's been modified. The banks have been strengthened. Their balance sheets, even the regionals are better o
Multi-family is complicated. Coastal zones right now and markets where taxes are competitive, Tennessee, North Dakota, Sou...
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