{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 288. Multifamily Isn\u2019t Dead \u2014 It\u2019s Just Not Forgiving Anymore","description":"Lately, I keep hearing the same take everywhere: multifamily is dead. Rents aren\u2019t growing, deals aren\u2019t penciling, and capital feels frozen. I understand why people feel that way \u2014 but that conclusion misses what\u2019s really happening. Multifamily isn\u2019t dead. We\u2019re in a market correction. In this episode, I break down what has actually changed in today\u2019s market and why this cycle feels so uncomfortable, especially for owner-operators. We talk about flat and declining rents, higher expenses, cautious investor capital, and why money flowing into high-yield savings accounts and money market funds has raised the bar for real estate investing. I also get honest about raising capital right now, why easy money disappearing exposed weak underwriting, and why this environment forces operators to actually operate. This is a market where discipline, conservative assumptions, strong reserves, and real systems matter more than ever. This episode isn\u2019t about fear or hype. It\u2019s about understanding market cycles, adapting to today\u2019s math, and deciding whether you\u2019re built to operate in a tougher, less forgiving environment. If multifamily feels harder than it used to \u2014 you\u2019re not wrong. But that doesn\u2019t mean it\u2019s broken. It just means the game has changed.   ","author_name":"Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires","author_url":"http:\/\/smallaxe.libsyn.com\/website","html":"