Multi-family sees new life in credit crunch

I don't mean it can be found in a bunch of media outlets; I mean one article says one thing and the other says the opposite. You don't have to go far too find media quoting experts that say the housing market will actually hurt apartment owners. The latter articl says the decline in credible buyers will push rents in most major metros.

I guess what lends credibility to this version is that some Washington D.C. figureheads are weighing in. Portland, OR was the subject city in this case. People like it because it's weird. At least that's what the t-shirts say.

Anyway, here's another one.

The News & Observer piece, you'll find, really says nothing. In one column, Hagel says previous periods of over supply were thwarted by developer discipline. Now it says developers are cautious, toeing the line, if you will. To me, that implies that builders are nervous. Truthfully, the over-supply subject has been bucking for a while now and the N&O couldn't wait any longer to get it out of the corral, regardless of whether or not it was time to ride.