I live in Central PA and it seems like there is a major shortage of 2-4 unit properties, and a shortage of places to rent.

Rental rates - I'm less concerned about this in our Portland market as rental prices are pretty sticky and we still have an overall housing supply shortage, especially in the single family market.

There is definitely not a shortage of potential renters. 

But the market will probably be biased heavily in favor of income over appreciation until some legitimate building stock shortages show up in key neighborhoods and until new construction starts showing more promise.

You can pick up a house for not a lot of money, and between the college and multiple art museums in the area, I would imagine that there is not a shortage of people looking for homes.

I have a question for our professionals out there who may be able to better understand this situation I'm in.Last year I was sent a EAS (escrow analysis statement) as was short 8xx some odd dollars, so my payment went up about 60 a month to cover that.This year the shortage was $1200?

I fund fix and flippers and turn key guys.. so I understand this end of it.. but I don't consider it real estate per se its more like flooring cars.. price points are the same and the turn over is the same.. in your areas there are just more homes that peeps.. out our way we have a dire shortage of housing.. just no enough of it..

The DC area has a severe shortage of 2 to 4 unit properties compared to other areas. 

If the borrower fails to make a payment and claims they could not afford the home there will be no shortage of lawyers who will be happy to help them take ownership from you.

People, estates, municipalities, etc. know that there is a shortage of inventory and therefore the prices are appropriately reflected...simple supply and demand.