Great post from Jay Parsons about how the "permitting pipeline is drying up". Hearing some shifts in municipal policies across the country regarding easing restrictions on development, but who knows how quickly that will come to fruition. Do you all favor stability with consistent starts over long periods, or are you looking forward to the ramp up in rental rates after this current supply finishes hitting the market?
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Donje Putnam
I would prefer consistency. I may be an anomaly in the industry (and I'm not an owner or operator now), but housing is a basic need, and here in VA, we don't have enough of it. While I've benefited in my career from the inflated rental rates when apartments are scarce, ultimately, I want to provide people with homes. I want owner/operators to make money and people to have homes, and steady development is the best scenario for both of those. What a dreamer!
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Event starts in:
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04 Dec
