Nicholas Dunlap
Wait for the Win-Win I've said it before and I'll say it again: if you want a different take or opinion on the same study or statistics, just hire a different economist. But for those involved in the investment, acquisition and operation of multifamily housing, the recent "Cost to Rent Growing at a Slower Rate" … Continue reading Wait for the Win-Win
New Units Needed Now Multifamily occupancy rates are up from 94% in 1995 to 95.4% today. And while this incremental growth is positive, it does not reflect the roller coaster ride that was 2007-2011. Today, we see a 4.6% vacancy rate, which translates to more than 11,000 apartment homes in Orange County sitting vacant and … Continue reading New Units Needed Now
My Friend Dean Eight years ago, I joined my first volunteer committee at the Apartment Association of Orange County and after proving myself to my colleagues, I became a board member. Having grown up in the apartment business and around our association, I can remember being a kid in my 20s around some of the … Continue reading My Friend Dean
A Shift to Renterdom Just about everywhere you look nowadays, housing makes its way into the headlines. And whether the topic is rents, market values, new development, buying or selling, columnists and economists are generally alike in their shared enthusiasm that something “big” is happening. But what’s going on today in 2015 is not the … Continue reading A Shift to Renterdom
The Answer to Affordability While many sub-markets in Orange County have yet to reach the previous high water mark for rents set prior to the great recession, owners and operators alike are pleased with the rebound as it suggests that with continued job growth and growing retail sales figures, a general sense of well-being is … Continue reading The Answer to Affordability
Back to the Future As a kid, one of my favorite movies was “Back to the Future”. In the movie, Marty McFly, played by Michael J. Fox, connects with Doc, played by Christopher Lloyd, a mad scientist of sorts, and is given the opportunity to travel back in time in a tricked out Delorean automobile … Continue reading Back to the Future
It's Like Deja Vu All Over Again By: Nicholas A. Dunlap RIP Yogi 1925-2015 I'm sorry, have we met? Wait a minute - I am certain that I have been here before. It's deja vu all over again! Or as the late Yankee great Yogi Berra put it: "it's like deja vu all over again". But … Continue reading It’s Like Deja Vu All Over Again
A Poem For Janet I'm not much of a poet, but I couldn't help but write a little something about the fed's complete misunderstanding of today's market. I'll make it simple. Show me consistent, sustained economic growth, new jobs and allow people to really feel good about things again. I mean REALLY feel good. None … Continue reading A Poem For Janet
Investors Fear the Froth Like a bad milkshake or a pint poured too quickly, the froth-filled commercial real estate market is now causing concern for investors across the globe. And while the fundamentals driving the residential sector are different this time around (in comparison to 2007) the low capitalization rate and lower interest rate phenomenon … Continue reading Investors Fear the Froth
Service Driven Sales You see, it's not just me. Other industry professionals, journalists and experts involved in the multifamily industry share in my distaste for LRO and other such revenue management programs. Included below is an excerpt of an email I sent to Multifamily Executive (MFE) Editor Jerry Ascierto in response to his column summarizing … Continue reading Service Driven Sales
OC Real Estate Market Insight 