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Episode 186

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Published on:

20th Oct 2023

Rents Dropping, Syndications Popping & Apple Juice

Spoiler alert, it's cheaper to rent than it is to buy in many markets and Chris, Saied and Haroon are here to break it all down. They use the Austin market, which was a major growth market during the pandemic, as a prime example of the stress that may be forcing rental rates further down. They take a break to celebrate some of the nation's top colleges eliminating student loans entirely, but then get back to the apartment market by citing Miami's downward rental trends. Finally, to cap the show, Chris and Saied talk a whole lot of trash about novice syndicators like Brad Sumrok. Oh, and apparently Haroon opens up apple juice jars with his rear end.

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Resources:

Mortgage Cost Surge Makes It Cheaper to Rent in Tough US Market (Bloomberg)

Austin has over 120K apartments in pipeline (The Real Deal

Some of the nation’s top colleges are eliminating student loans (CNBC)

Miami’s Rental Market Roller Coaster Is Headed Downhill (Wall Street Journal)

Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing (The Real Deal)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.