The third one would be that most new MF builds are now being built with luxury finish outs because they have identified the trend that renters are now renting by choice, not because they can't afford to purchase a home.

If it is a cheaper property ADR I think it is less important and only really recommend it for luxury/high end properties.

If you pay the balance in full, and therefore pay no interest, you don't have any more money than when you started, you just don't have less (by virtue of paying interest).

My gut tells me that we’re not looking at 2007 again but we are looking at something different and I expect to see some price softening, especially at the “luxury” level that is overbuilt and in particular markets.

I thought that was hilarious since she's on welfare, depends upon the government to feed her, house her, clothe her, and take care of every other basic need that she has, but she expected a luxurious home.

It will affect owner-occupant homes, and especially higher-end/luxury properties, but even in a bad market, there are always investors looking to find good deals.

I worked with builders and developers for over 20 years building and partnering with them to build luxury spec homes.

I replaced the floors with luxury vinyl plank, I replaced all the doors, and all the trim.

The demographics within the population are different, but the city has been emerging for some years with developers revamping the urban areas with luxury homes and condos.

By virtue of doing nothing I cannot remove a tenant from my property.