You’ve been hearing for a while about how Jason’s not a huge fan of Opportunity Zones, worried that they’re overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity.
[5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we’re already seeing gentrification coming from it
[9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred
[13:09] The unintended consequences of Opportunity Zones
[17:27] How the gentrification index works
[22:57] The current state of multifamily housing