But if these Seattle projects will, two years from now after HB1110 rules are in force, appear to have been an ephemeral thing that came and went among a handful of limit-pushing builders,  our development might end up seeming weird (which could impact both buyer appeal & financeability).I know there's no crystal ball and the State rules have been changing rapidly, and might still change further. 

Less headaches, better tenants, more rapid appreciation of rents and more overall profit, less driving… but maybe not as impressive to someone asking how many doors.

Depending on the business the environment shifts far more rapidly than the housing market—especially online. 

Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.

But this space is changing rapidly and in jurisdictions like San Jose where housing is scare, expensive and government entities are motivated to do something about it, I predict we'll see appreciation and other key metrics play out in favor of properties with ADUs in the near future.

I grew up with these things and I know things change rapidly, including strength and direction, but how do you handle this with renters that are booked to be there during this time?  

I'm a big fan of equity before cash flow, so if you can make it work and don't plan on rapidly expanding your investment portfolio, this could be a way to gain equity as the tenant pays down your mortgage.

We are working on another form of communication with higher commissions.The FutureAll indications are showing that it will get worse before it will get better - sales inventory is still high, rental inventory is very high, more and more new construction apartment buildings are nearing and/or have been completed (at least 10 in Cape Coral that have hundreds of units are still being built), displaced homeowners are returning to their homes, and a host of other concerns.We have gone through years of rapid rent growth and a lack of inventory.

Hi Nick, I've been reading for a year now that multifamily new construction has ground to a halt due to rapid increases in construction costs, insurance costs, financing costs and also due to mass overbuilding in 2019 to '23, causing huge supply in 2024 and 2025, which is now putting downward pressure on rent growth?

The home is currently now worth about $525,000 due to the rapid appreciation we all encountered during the pandemic and we believe rent is pretty much capped for the area (class C area).