(Interest/inflation rates have been unnaturally low for a long time, but this cannot last forever. )The biggest reason for this shortage of instant high cap rate properties is that it's the folks here on BP who have already snatched up the great fixer deals, then rehabbed them for resale to retail buyers, who are mostly people looking for a home, not rentals.

The rental market is VERY strong up here in the mountains as housing shortages are very high forcing seasonal and full-time employees to find housing down valley up to 40 miles away from Vail in which many jobs are located.My dilemma is this.

There is a shortage of small muti family properties in The greater DC area.

There is a shortage of Section 8 houses in my area (Upstate SC) People are on waiting lists for as long as 2 years.

This seems to reflect (one of) the reasons why there is a shortage of low-moderate income housing.

With OSU graduating 6000 plus students a year, as the state capitol and with tax incentives that attract business, there is no shortage of need for multifamily housing.  

@Drake Turner,We're in a housing shortage right now.

You will find no shortage of complaints on this board but most of the complainers refuse to acknowledge their share of the blame.

On the recent podcast, Sara Weaver mentions there's a national nurse shortage which increases demand for travel nurses.

That is a quick turnaround on 1031s and you're right about the Boise market, there is a shortage of houses for sale.