@John Fish That's a pretty compressed Cap Rate.

When they compress to 5.5 and 6.5, I'm outtie and investing elsewhere! 

I posted this question in DIY but not much response yet.I have fixed the oil tank air/vent pipe with flexible PVC coupling and fill/service pipe with aluminum tape and compression coupling, but I have not tested it yet by filling it with the heating oil.Is there a code violation in this repair?

The compression of inventory over the last 10 years has gradually restricted the discounts on the buying side.

There are many MSA's (Metropolitan Statistical Areas) within a state that have key indicators for growth or compression. 

Frankly, the idea of compressing the average return on investment timeframes may lead to riskier approaches.

The compression dates when there's a conference in town, long stretches of holiday season, or simply a big sports game is when you need to really boost your pricing... 

@Vincent Crane  my take on this is there will always be communities or regions that lose a major employer or some other demographic change.. so those markets can see a retreat and or crash I guess.I personally think if your waiting on the side lines for another GFC to happen were some markets compressed 70 to 80% I don't see that happening on a large scale like the GFC.and here are my reasons:1. too many properties have been bought with cash.. those folks just ride it out2. millions of homes now have 2 to 4% interest rates payments far less than rent those folks ride it out... 3.

We are feeling cap rates compress and home prices sky rocketing too.

Lately, margin compressions, high earnings multiples, and low risk-free rates have been driving rents down.