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….

The following rules apply to charging EVs at the Property:Level 1 Charging – (Standard NEMA 5-15 or 5-20 120V, 60Hz Outlet)An existing NEMA 5-15 or 5-20 at the Property may be used by the Tenant for the charging of an EV if the following rules are followed:Only Electric Vehicle Supply Equipment (EVSE) which are approved by Underwriters Laboratories (UL) are allowed to be used for charging EV at the Property.The EVSE shall not be left exposed to the elements unless it is expressly rated for weather exposure.

As such, I expect a lot of OOS investors to start looking elsewhere, as demand will continue to outpace supply for the near future.  

he wants it broken down specifically (repair, supply, maint., rent , etc)  is this normal???   

Market Supply is tracking very similar to the Listing Inventory, indicating buyer’s are still active in the market and aren’t sitting on the sidelines.

Originally posted by @Steven Westlake:@Marian Smith - absolutely- that house was new in 1983, normally the cut off year for all the bad issues is 19781978 is the cut off for lead paint. 1979 is the cutoff for asbestos, but you were allowed to finish up your supplies so you're seeing asbestos into late 80's builds.

Who is supplying the tile?