The rental market is pretty rough here in the Austin area due to a glut of supply.

There is a $200 cancellation fee to cover the extensive materials and supplies we give you when you join. 

I am the boots on the ground and provide all of the time and my partners supply the money.

Personally when I’m working on a project time is money and I don’t have the ability to wait around to get supplies.

That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues. 

There’s just not enough ADU supply (IN MY AREA) for appraisers to base off of.

.-- The influx of STR supply has certainly brought down Airbnb revenues the last few years for everyone.

Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.

And the reason why your "tale of two halves" will play out as you described.Demand:  This has actually been high almost all along, but rent growth hasn't materialized in response due to high levels of new supply. 

That gets worse as you get farther out of the cityTLDR: values depreciate, inflation has gone basically nowhere in Japan for a long time, the supply of housing is pretty good compared to demand (unlike the US) and that's because of flexibility with rezoning and development, taxes on rental income are high.