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In Florida, the hottest housing markets percentage wise are the smaller cities; SW Florida for example, is red hot, because its cheap compared to SE Florida. I believe Ft. Myers had the highest year over year rent percentage increase in the country. Mobile, Little Rock, Pensacola, San Antonio...

After the GFC, the government in their infinite wisdom, passed a series of rules that made it much harder for banks to lend on construction. As a result, on a macro basis, we have a housing shortage in this country, especially middle and lower end housing. Add to that shortage a longer term...