There's a real labor shortage right now nd finding good, reiable and honest trades people is a challenge.

That probably helped create a shortage of B/C housing. 

We have a labor shortage (who doesn't, right) but our town runs on tourism and there are not a lot of high-paying jobs so our rental market is, and always has been since I've been here, on fire.4.

Good Evening BP Family, As an investor in Upstate New York for 5+ years, I have seemed to run into a roadblock with finding deals within this, "current inventory shortage".

You can still charge a big premium for furnished rentals on 6 month leases in some markets, you just have to make sure the target demographic is there (housing shortage combined with net population growth/ in-migration of people looking to buy who will rent while they shop for something to purchase or nomadic worker types/ professors on sabbatical/ traveling nurses as opposed to weekend vacationers).

But we do have an almost unlimited supply of fresh water from the Great Lakes.The housing market is so tight and we have very little new construction (again, financially conservative builders) that a slight uptick in immigration causes a shortage.

The US has a shortage of affordable housing for people with limited financial means.   

I'm not a permabull, but I don't see a reversal anytime soon How long before the shortage of tradesman drives prices up and makes homeownership unaffordable?

The housing shortage is real and geography, the Atlantic Ocean, creates a natural barrier to expansion on one side.    

I think the hardest analysis is in construction/value add just because the costs are like a yo-yo right now with supply and labor shortages.