And is there an overabundance of rentals?

Its a small town without an overabundance of rentals.

Tried to call them again and use google to ask the number and I might have insulted them with my over-abundance of ignorance... 

I'm not sure if this is just because the market is suppressed or because there is an over abundance of newer apartment buildings competing for those dollars. 

Then that will start to correct on the supply and demand and the more that we have an overabundance of supply naturally the demand will go lower because of the supply.

I say if one combines a sponsor leading LPs to a 5.8% loan with a big yield maintenance fee (fixed debt) and who also got involved in a submarket that has an overabundance of new supply coming online in the next 1-3 years, you're facing a possible "Titanic" situation....

For years I was afraid to invest outside of my home town (Boise) but now I've discovered that by leaving home I have access to an overabundance of great moneymakers.

In 2006-2008.....there was an overabundance of inventory on the market.Is that the problem now?

If syndicators have an overabundance of deals (understandably probably not all good ones), I'll come up with some ideas to propose value there.

If no immigrants are admitted to the US (not going to happen) we would have an over abundance of housing as the boomers die off (based on 48 states not having natural increasing population.