“Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you’re going to be a great thinker.” — Charlie Munger Here is some of this disconfirming evidence for the bears of CRE. "CBRE found that Q3's net absorption was the second highest rate of absorption for a third quarter since the firm began tracking the market in 1985, and that it reflects a 72% increase above pre-pandemic third-quarter averages. Demand for housing outpaced the new supply for the second consecutive quarter; however, even as vacancy trends toward its long-term average of 5.0%, apartment owners continue to face challenges with flat rents and lower transaction volumes." https://lnkd.in/gscueyMx