263: Manhattan Apts. Pandemic Housing Prices, Ari Rastegar, COVID Real Estate Outlook
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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.\\xa0
Key Takeaways:
[1:15] Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected.\\xa0
[3:45] In the single-family space, we\\u2019re seeing a surging of home prices.\\xa0
[8:00] In regards to shadow-demand, the majority of US young adults live with their parents.\\xa0
[12:10] California and New York are the \\u2018land of the\\xa0flee,\\u2019 and Texas is the \\u2018land of the\\xa0free.\\u2019
[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.\\xa0
[20:00] Retail and commercial will suffer longer.
[21:15] Ari believes that work-from-home is entirely unsustainable.\\xa0
[26:10] \\u201cPeople are going to miss opportunity because opportunity shows up in overalls.\\u201d -Edison
Websites:
RastegarProperty.com\\xa0
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
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