@Eri BastosBuilds are fine and there is a shortage of housing in Halifax.

There is a shortage of rentals in the town due to a superior school district- so the 5% is about right.

The builders are simply trying to fill the need from the artificial inventory shortage caused by ab284 and now sb321.

I'm sure there will be no shortage of agents who respond on here.

If the homeowners break the contract before then, they pay the cost of construction.The project would put the 8-month-old joint homeless office - a shared effort between the county and Portland -- in the housing business while offering an innovative, if so far small-scale, way to chip away at Portland's affordable housing shortage". - Oregon Live article

I know many investors and people involved in the real estate industry hope for changes to the law in order to solve the artificial shortage caused by the law.

Because of the drought across the U.S. many crops and cattle were affected.The shortages happened months ago but reserve supplies have been worked through.Now as demand is the same but with limited supply certain items beef,corn,etc. is going to really rise.It has been going up in small increments but will go up in bigger chunks soon.Smart restaurants are looking at what is not rising or is minimal in increase and trying to create flavor dishes so that their price margins don't go up and the profit shrinks.They still might use some of the products increasing in price but with less quantity in the dish to cut costs.This is why for instance if I buy a restaurant business I would adjust down the stated profit model to compensate for the coming higher food costs unless I knew I had a fixed food contract and the supplier could not go up on me.My background before triple net investing and apartments was commercial land development so I find your assembling of parcels interesting and would like to hear more about it and your plans.

My Fav Short Agency has north of 90% Close Rate -and his BPO's are within a very tight margin.Conclusion: Diligence IS required.

@Sri YalamA bubble implies that there is an excess of inventory or an unsupported increase in prices.Right now, there is a shortage of housing based on the demand for living in the tri-state area...It would take a lot of building to meet that demand, which means we aren't anywhere near a bubble.It would take a shock to the system to curtail demand.

You said it is surrounded by similar properties, which means there is no shortage.