A conversation with long-time multifamily industry veteran, a developer and investor, the fabulous Daniel Kaufman, the President of Kaufman & Company... discussing the split between market narratives and underwriting reality, why renting is outperforming owning in today’s affordability reset, where deals still pencil when risk is mispriced, and a disciplined 2026 playbook focused on supply, entry basis, stress-testing, and buying with a true margin of safety.