What inning are we in in the multifamily cycle

I think this is kind of an inane game, because the definition of the “game” and an “inning” are so vague.

But I think it’s the 7th inning, for what that’s worth.

Here’s a piece with the views of a lot of people richer than I am (and who love talking their own books).

For what it’s worth, Ken Kahan is really, really smart.