Is Multifamily Still Worth Buying? For years, the answer was simple. Buy multifamily. Hold. Wait for appreciation. Today's market is different. The question is no longer whether multifamily is a good asset class. The question is whether you're buying the right asset, in the right market, at the right price. Many investors are still underwriting deals using assumptions from a low-interest-rate environment. That can be an expensive mistake. Today, smart investors are paying attention to five fundamentals: • Is rent growth supported by local wage growth? • Is new supply putting pressure on occupancy? • Can the property withstand higher financing costs? • Is the market creating long-term jobs and population growth? • Does the business plan create value through operations, not just appreciation? Multifamily can still be an exceptional investment. But it is no longer enough to simply own apartments. The winners over the next decade will be operators who understand that multif...