We ran our numbers as an STR/MTR hybrid and the numbers weren't super great even with the BOOM in STRs in the area.

We have experienced a tech boom of more than $50 billion around the city in the past five years.

Tenants are typically blue collar and many of them are recently employed by the recent boom in logistics and warehousing that is going on in the area (link below to a video I saw on Twitter that actually calls out Eastern PA warehousing as a desirable investment).There’s definitely a decent amount of investment going on and I’ve seen prices jump even in the past few years so competition is growing as people catch on.https://youtu.be/Yvi4MPHcwj0

Just look at North Dakota and the boom there from new industry..

For example, Pittsburg during its Steel industry boom era and Detroit from it's peak auto industry era, properties would have grown value YoY mostly.

As far as saturation goes when the boom was hitting we started seeing regular homes and even mobile homes get converted to “cabin/chalet” rentals.  

Boom.

Then tell them to fire their PM and raise rents, boom, done.

@Bob P.Well 2022 real estate was booming and everyone was told how easy it was to do.

The city’s had a tech boom of over $50 billion in the last five years.