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.

Do you need to stack or spread pine needles where the tents will be set for cushioning and insulation from the cold earth beneath?  

He is a Real Down to earth guy and always ready and welling to help.

Once they come back to earth on pricing I am sure that will go back up. 

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.