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Autopsy of the Sun Belt Multifamily Delusion

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A close-up of a medical X-ray lightbox in a dark office. The Subject: Pinned to the board is an X-ray of a human torso, but the "ribcage" is made of steel construction girders from a multifamily project. The Anomaly: The "lungs" are filled with a dark, cloudy substance labeled "OVERSUPPLY." An EKG line runs across the bottom, showing a strong pulse that suddenly flatlines into a straight gold line labeled "0% RENT GROWTH.
Dementia in CRE
Autopsy of the Sun Belt Multifamily Delusion
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This diagnostic report utilizes medical metaphors to critique the overbuilt real estate market across the American Sun Belt in 2026.

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