Will Apartment/Multifamily Pricing Go Higher?

[Ivan Barratt]

Hey BP universe and my fellow syndicators.  Excited to hear thoughts both for and against.

What happens to apartment cap rates (B/B+/A- Workforce; NOT luxury) when these assets come out of the "Covid-Recession" relatively unscathed (Theory: Most people given enough stimulus money and unemployment checks will pay for food,water,shelter first) and interest rates are zero?  Further; there will be 6 trillion in printed money; much of it hunting for safe yield.

Could this current stage be the "bear trap" before the actual big bubble referenced in the chart below?