For the next 3-5 years, single income household here (wife staying home with kid(s)). 

Between cash, and credit availability I can get $15k to fund something without impacting my household income.

These people who lived in the house hold used and took full advantage of my father and even tried filing his taxes to receive benefits for their own selfish greed.

I’m a real estate pro so material participation isn’t an issue, but the majority of my clients are in the $300k-$900k/yr gross household income range and so using STRs is not only the best way to get great ROI on real estate nowadays but the tax benefits are the primary driver for most including myself.  

Let's just look at the hard numbers:Unemployment: Was 6.3% when Trump left office and is now 4.2% Consumer Price Index: Was up 1.4% in 2020 and is now up 2.5%  Median Household Income: Rose 4% during Biden and FELL 2.9% during Trump.

@Natalie Johnstone There's no perfect answer, but the general indicators are the simple ones - population growth, median household income growth, businesses moving to the area. 

(i do think that household formation will slow way down in the late 2030s. 

The average US household uses 9000 per month.

The asking rent growth rate decline of 2.7% observed over the past 12 months compares unfavorably to the long-term performance of the metro, and rent growth deceleration has been shared broadly among the Los Angeles metropolitan area's thirty-seven apartment submarkets.Competitive Inventory, Household Formations, AbsorptionThe first quarter added 6,770 net new households to the Los Angeles MSA.

Median household income should always be north of $40K, preferably north of $50K.