I don't see mania locally yet rather just a shortage at most price points and property types.

I'm sure its state specific, but here in CO, what I see on the properties with the low starting bids is there is also a deficiency judgment that makes up shortage.

Let's talk about the 'upcoming economy transition'.Right now, investing in private placement syndications makes even more sense than ever. 1/3 of the dollars every created were willed into existence over the last 1.5 years, and with the cervesa sickness policies enacted, this is driving the dream of homeownership more and more unaffordable.We are going to see record rental demand going forward with huge housing unit shortages in many markets.Both passive investment in syndications and buying SFHs can fit this role, but owning rentals suffers from all the issues I outlined in my first posts.I'm usually funding 4-6 deals a year, and even with this cash position in portfolio is getting uncomfortably high.

Seasonality at the beach is dramatic, and weeks or month long contracts are easy to obtain almost anywhere in the South because of housing demand shortages, particularly in places like Charlotte (8000 listed homes, and 60,000 applications for those homes for medium term rentals).

Hey BP,I'm currently investing in the Baltimore market and as we all know there is no shortage of REO and distressed properties but i want to shift my focus to VA because of the distance to our new home.Can you give me some insight in to the REO\Distressed property market in VA I'm interested in areas from Mclean to Richmond and everything in between.

From your limited description of events, I don't believe you have a legitimate complaint about the timing issues with the take out lender; as per the payoff shortage not enough info was provided as to payoff request, payoff letter response, escrow agent, closing agent, etc.BTW, I feel qualified to render my opinion as I have has ownership or partial ownership and servicing responsibility for over 500 commercial loans in the last 15 years.

It's a CRAZY sellers market due to low inventory.My personal opinion is that the source of the shortage is the general public's lack of faith in the supposed economic recovery.  

There have been oil shortages and oversupply wars that have caused volatility.

There's also a shortage.  

This market is growing and experiencing the effects of a supply shortage.