Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Why Tuscaloosa Developer Stan Pate Bought Sections Of The Southern Border Wall

Why Tuscaloosa Developer Stan Pate Bought Sections Of The Southern Border Wall

... when asked how he came to own thousands of pounds of fabricated steel intended for the Southern border wall, he said he made his purchase for pennies on the dollar from the government surplus auction website GovPlanet.

The website specializes in auctions for everything from surplus military vehicles, meals-ready-to-eat (MREs) and, at least for Pate's interest, the steel used for the wall along the border with Mexico.

"We're always buying what we think is valuable," he told me. "The government has an auction website and all of a sudden sections of the wall started popping up for sale. At first, I thought this can't be true. But then I said let's buy some of it and see."

Reference: patch.com

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