In a market where rents are depressed, the RC will often be significantly higher than the ACV.

A theme I've been hearing throughout the year (on podcasts etc) has been that caps for multifam are really depressed due to a lot of institutional buyers. 

I'm no expert, in fact, I'm a stay at home wife who struggles with anxiety and depression, but I love real estate and I am so willing to learn. 

This is the worst financial crisis since the Great Depression, so it’s a little over kill to use this as a benchmark.

Now re read that message, and tell me it is not filled with energy advice and teachings, while I try my best to make the mood  lighter, to make it not so boring and serious and depressing.

And as Michael suggested, do some research into why the market conditions are depressed right now - maybe you can get some insight into if things are likely to turn around soon?

Of course those folks who sold and went into cash in 2007 because they knew exactly what was coming and were all pre-investors in "The Big Short" did substantially better and the 20% they paid in tax is nothing compared to having cash in an 80% depressed market.But can you know???

That is amazing ...I’ve been involved in real estate maybe a year now and was feeling a lil depressed because it didn’t immediately take off for me ...but I do see progress and hearing a story like this is the inspiration I need.

A modern mobile home looks like Class A apartment finish-out, while a 1980s may be depressing.4) How much supply does the market have?

I did not intend for everyone to think that I meant wait for another Great Depression or 2008 :) My mistake.