I would add that projected rents aren’t real, hence the word projected. I would also say that the idea of rents going up every year depends part and parcel on the same inflationary belief that got us to where we are. It could be true in the future, but I wouldn’t be willing to bet on that In the next 5 years.
I do agree that if the total cost of ownership returns 8% after all is said and done it could be worth the risk. That is if you are considering a future as a land lord.
Josh
