There are at least two different ways to make money in a business. One is to enter a tight market and sell your wares at a high price, depending on an imbalance of demand over supply to protect the pricing strategy.
The other is to look for a robust market with many people who need a product and adequate space to increase supply and satisfy everyone.
In multifamily, the first approach can offer profit if people don't get tired of being unable to find a place to live and if workers and suppliers don't use market conditions themselves to strengthen their own pricing. The second approach is what might work in North and South Carolina.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
