What's your opinion on new SFR construction in the East Bay?
Hey there,
I own a vacant lot up in the Montclair hills and am wondering what your opinion is on starting new construction of a higher end rental? I see the economy slowing down a lot, prices falling and construction costs still high. Would you start new construction now? I'm sure I would ask 4k-5k for rent, as I like to build nice homes, but should I tie up so much credit as the economy slows? Are their easier ways to build on a vacant lot without tying up my lines of credit? Thanks for your thoughts.