[justinph]

This would be a good problem to have. Developers are generally not interested in the 4-6 unit buildings. In my city, Minneapolis MN, development is large single family homes or multi-unit (40+) apartment buildings. From my understanding, the problem is generally capital: A 4-6 unit building is too costly for a homeowner or small-time real estate developer to take on, but too small for large well capitalized developer to bother with.

Hopefully, this will change in time. But I think that it'll be large developers building in neighborhoods with homeowners. The equity will end up in the hands of large real estate trusts, and not small time operators.