I have been told from my property management company it is because there aren't enough supply (handymen).

The thing is both supply and demand have decreased so far so we aren't seeing any drastic effects in either direction except for those that thrive on transaction volume like realtors, inspectors etc. 

Location and supply matters a lot, many areas have been overbuilt in self storage, so finding replacement tenants for the ones that bounce is going to be difficult.I'd be much more concerned if my apartments were in the markets that have banned evictions for the rest of the year.

If we have high unemployment that will dampen buyer demand. 40% of the job losses have been in the restaurant & service sector which has it can be difficult to make enough money to purchase a home in LA.Until Supply and Demand tips for a long period of time, I would start expecting wide spread price declines.

Literally every day I think I speak with someone new from New York moving down here.Hi Dillon,I think there are definitely more Californians leaving the state but I don't think it's nearly as many to reduce the demand so that the supply can keep up - there is a housing shortage in CA and home building/residential land development has not been a big priority here (at least around where I live). 

Did you know that your local office supply store sells a package of 25 Real Estate Purchase Agreements?

It really comes down to the numbers and supply.

Supply/demand is simple economics. 

The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, allproducts, proceeds and collections thereof and all records and data relating thereto. · For loan amounts of $25,000 or less, SBA is not taking a security interest in any collateral.Page 2 of 11SBA Form 1391 (5-00) Ref 50 30Doc # L-01-0476006-01SBA Loan #8496557408 Application #3600074047DocuSign Envelope ID: CA47909F-9BAE-44B7-ACA5-7A831F089087In ProcessREQUIREMENTS RELATIVE TO COLLATERAL· Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.· Borrower will neither seek nor accept future advances under any superior liens on the collateral securing thisLoan without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter and to pay Uniform CommercialCode (UCC) lien filing fees and a third-party UCC handling charge of $100 which will be deducted from theLoan amount stated above.

But decent multi fam in a decent area is in short supply and high demand.When I say that $200K can get your four units, I'm saying you should be able to find 4 rock solid decent semi detached/row homes for $50K each that are move in ready (probably without bells and whistles but that is OK) and will cash flow very nicely for you.