Ton of new build neighborhoods going in which have increased supply.  

Just like anything, it is about supply and demand.What I have been doing is joining Facebook Groups for people looking for rentals.

However, if you feel uncomfortable supplying it and they insist, then walk down the block to the next brokerage.

Since our credit sucked now we still had hope if we wanted or could afford to spend $400+ a month for 6 months on office supplies basically.

Generally the biggest con or concern on rural (from dscr lender perspective) is the availability of the land to build competitive supply cheaply that can challenge the value of the subject property. 

Some start much higher than that.In our area it is simple supply and demand - there is a very large demand for our services, there is limited capacity to provide services. 

Demand is too high and supply too low!

To note is that Berkeley has very low housing supplies and a strong rental market driven by UC Berkeley.

Housing Inventory is RisingUnsold inventory sits at a 3.2-month supply, up from 2.9 months in February and 2.7 months in March 2023, or 1.1M available homes.

@Amber StoutIf they do not reduce the money supply they may need to increase rates vs decrease them as we are heading in this quarter where last year MoM inflation was very low so by end of June/July inflation being closer to 4 could be a possibility….