It's also an old city with some geographic constraints to new development...if you're close to public transit in a good location, there's always going to be upward pressure on price (and rents) and limited supply. 

We dont supply washer and dryers- most tenants in our market have their own and we don't get higher rents for having them. 

They started off in the one-off single family home modular designs but in the recent years have acquired facilities across the US to really ramp up supply to meet the demand of the market especially here in LA for developers looking to big large affordable multifamily housing.

@Nancy Bender there are currently 16 active listing in Margaritaville and the supply of listings is almost always higher than other similar nearby resorts. 10 of those 16 have been listed for 60 days or more. 

If this trend in the supply of homes for sale increases again next month, we will see price softening.

And you'll have to make decisions on supplying linens and consumables, which many MTR guests expect to be included. 

All real estate transactions, whether purchase, sale or rental, prices are determined by market supply and demand.

The difference on why prices went up and not negative is cause supply was even more curtailed than their was demand.

Despite losing an attack on this rule two years ago, the rent board is trying again to regulate everyone that invests their nesteggs to expand the housing supply. 

Currently, the market is still short on supply so when putting in offers you need to put on the 'seller' hat and think what they would want.