Great breakdown. Real estate always feels local, but rate cycles are the tide that lifts or sinks all boats. What stood out to me is how each boom was built on different mechanisms, but the busts always rhyme—overleverage meets rate shocks. Curious to see whether the next phase is forced deleveraging or another sugar rush. Either way, underwriting discipline is back in style.
Excellent information in your articles! I'll be linking to this one and one other in my newsletter on Sunday! Looking forward to sending some traffic back you direction. I appreciate being included on your recommendations list!
Great breakdown. Real estate always feels local, but rate cycles are the tide that lifts or sinks all boats. What stood out to me is how each boom was built on different mechanisms, but the busts always rhyme—overleverage meets rate shocks. Curious to see whether the next phase is forced deleveraging or another sugar rush. Either way, underwriting discipline is back in style.
Absolutely agreed - all different yet they all rhyme! Ultimately the impact is mostly the same across time
Excellent information in your articles! I'll be linking to this one and one other in my newsletter on Sunday! Looking forward to sending some traffic back you direction. I appreciate being included on your recommendations list!