You could be right, but with the huge amount of people flooding into the area, there could be a rental shortage (that old supply/demand thing).With approx 200 people per day moving in, there will have to be a large number of renters included and that could/should drive up demand and prices.Just my .02.....

I said I would think about it and hung up.Instead, I went to Lowe's and hung around the plumbing aisle, watching people come in and pick up supplies, homeowner, contractors, and guys who worked for middle-and-large-sized plumbing companies. 

The problem is that it's not an original idea and there is a major over supply of housing. 

OF COURSE there are variables and situations with both seller or buyer that might be better off double closing, but at the end of the day it's your decision how you want to operate. 

I didn't actually purchase a new one due to timing with new tenant and supply chain/IKEA being out of stock, but I charged them the cost to buy a cheap one from IKEA in case I decide to replace it.  

Ask a few tile guys where they get their supplies at. 

The pipe and basins had to be sourced from a company that provides supplies for city infrastructure (this ain’t stuff you can pick up at Home Depot).

If not, as you know... there are so many variables that can and will throw off the results that the data really isn't a fair and accurate test.  

For example, check your local or regional economic development organization for much more information on the housing stock, supply and demand, vacancy rates, building permits, job growth, migration, demographics, job growth, employment, etc, etc, etc...In short, I think it is a good start to note a falling population, but you may want a fuller picture of the economic and demographic information related to rental demand and factors driving it.

When you look at areas that are under 1% you will notice there is a lot of building going on which eventually will bring rents and prices down as supply catches up with demand.