We have a housing shortage with no end in sight.

Is there a housing shortage or is there really a problem with the BARRIERS caused by productivity, land use, zoning and mandates that limits construction?  

I think one of the worse things about CA is how crowded the various large coastal cities are (traffic, event crowds, pollution, housing shortage, etc.).The question was posed why invest in RE in states like CA. 

The buying is very low, rents are great and there’s no shortage of tenants. 

It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product.

There is a nursing shortage, and traveling nurses receive a large stipend for housing.

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected. 

Still a housing and rental shortage.  

There is no shortage of people getting into Sub to's that do not know how or trying to make a buck without knowing the risk.If you worked for a servicer (Wells Fargo, Chase etc.) which all they do is collect funds and do not own the loan, and you went to your boss and said I am going to foreclose on these preforming loans because the deed changed names, I would guess you would no longer work for the Servicer any longer, remember the person who invest in the hedge funds is just looking for a long term return on their investment they can care less who is making the payment, just want the payment to be preforming.But if the uneducated investor did not do your insurance correct, or did not work with the seller to make sure they are not the one who the Servicer calls with questions or the seller is lead to believe his or her name will be off the loan, or the investor just does not respond to any question the servicer has, all can go bad in a hurry.I talk to Servicers often, they are just looking for comfort and communication. 

holiday makers visiting every year, and a shortage of rental properties.