Good luck.Hey I appreciate that explanation on REPS. 

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Make sure your not buying on the wrong side of a city/school border and are using rent comparisons that might be geographically close but are really different renter markets(like buying in East Cleveland and using Cleveland Heights rents).  

I do not remember his exact explanation.

They went with a different realtor who specializes in that geographic area and had as many showings in a few weeks as they did the entire time with the other realtor and sold with multiple offers in a month. 

@Mike Lambert Thank you for the explanation.

I am a curious persona and always ask "why" and "how" and when the above number was posted with such a mysterious comment and no explanation I had to go looking for what it meant. 

In Reno, NV there is such a supply constraint because of geographic limitations and an influx of tech and manufacturing jobs from CA rates at 5% will cause a buying frenzy driving prices even higher.

Good explanation of your current state of mind.

ETC - but bottom line, if you are stable geographically you will end up far, far ahead if you buy a house, and even more so if that house is reasonably priced & valued relative to rentals in that area.