What was Multi-Family Real Estate in Rhode Island Like in 2007-10

[Fan Bi]

According to MLS data, the multi-family market in Providence and Rhode Island cratered as it did in most of the country between 2007 to 2010, going from a peak of around $280,000 per residence to $100,000. But what was it actually like?

- Even if you had the cash to buy on the cheap, was anyone lending

- If you bought sensibly and cash-flowing, did you even care because you could carry through the crash

- Was the rental market hotter because homeowners became renters, or was it colder because tenants couldn't afford their rent

cc @Anthony Thompson