[cocoa19]

Except houses aren’t cashflowing?

I’ve been tracking mortgage vs rent ratio in tech hubs in case I have to RTO. Mortgages are 2x rents. It’s better in MCOL but it’s still hard to cashflow with current interest rates.

You can say they are paying all cash. That’s too much risk for very low upside.

[lepus]

It's a pretty safe play though. The downside risk is pretty low given supply constraints and if you buy in the right area then nimby neighbors will fight further development for free.