Fredd said:
Can y'all give examples of these things you're referring to? My curiosity is peaked
Lots more sellers interested in facing reality and dropping prices to get sales done. Writing is on the wall where they realize it's better to get some equity back via sale then wait and hope for rates to drop so you can hope prices come back.
And when I say more acquisitions - I'm talking about a significant increase of like 40%ish more sellers looking at potential sales in the last 5ish weeks. The hard part is cap rates keep steadily rising and then you wait for a potential buyer to actually execute. And by the time they are ready to execute the sale, rates have risen again and they need to either drum up more equity or pull the sale.
Last thing - Rents aren't shooting sky high anymore. So you're really needing to be on the ball from asset management perspectives. Those that aren't or are halfway through a capex campaign are issuing capital calls left and right. Trouble is in actually pulling in that capital, so a lot of these groups are starting to run on fumes from a capital liquidity factor which I'm sure is raising the sales out there. I think that's more of an antidote that consumers are beginning to get tapped out.
One last thing - it really rustles my Jimmies that family size you see on cereals or cheeze-it's or whatever are being shrunk. That makes me visibly upset and my wife roll her eyes when I go on a rant pointing out the deltas between the bags of goldfish. One positive thing though is I've lost a bit weight cause I'm not eating as much snacks because I see the price at the store and know what "just one more bag of cheese-it's" really costs.