Atlanta Real Estate Market

[Charles Pridgen]

I’m curious, has anyone else noticed an increased in inventory of Multifamily properties? What’s causing this, wondering if these are current owners seller due to COVID-19 impact on delayed or no rents from tenants.

[Brenden Mitchum]

@Charles Pridgen

I agree that this is not going to look like 2008. But with GDP down 32% and unemployment still way up, if the fed decides to stop pumping money into the economy the house of cards is coming down. And if they continue pumping money into the economy they risk collapsing the value of the dollar. Either way, it's going to be an interested few years and most investors see this and are looking to exit while they can. Honestly, I would hold onto my property because if hyperinflation does occur, that $300k you made off the sale might not buy you much more than a TV. Better to have a hard asset like real estate than cash. Then again, if deflation occurs, those that cashed out will be positioned very well to purchase more property at a discount..if only we had a crystal ball..