From Feast to Famine: The Implosion of the Residential Real Estate Industry

Abstract

A wave of layoffs and bankruptcies has created a perfect storm to decimate the real estate industry. The industry has started rippling and rippled through the industry has begun ripples. Many brokerages had their best year ever in 2021, according to A.M. companies like REMXi The Fallout. The problem of profitability had been well known and well documented for years. Many startups are still losing millions of dollars a month. There isn’t a clear path to profitability. The problem was well known for years, but it rarely became an issue. The issue of profitability has been well documented and well-known for years but it never become an issue because fresh capital was always just around the corner. Almost every PropTech company that went public through a SPAC over the past few years are now are now trading at pennies in the past several years. .