Moreover, people spend ridiculous money on luxury watches and cars.

Instead, figure out what your style is (bread-and-butter fix and flips, luxury rentals, whatever).

That is kind of the name of the game in that town, either people have Seattle money and have what amounts to a mansion out there or they are too poor to afford a house.

This is the "LaRusso Mansion" that was actually used for Netflix's Cobra Kai. 

We’re getting so many nomad-worker tech-bro types moving here that medium-term furnished “executive” rentals in prime locations can fetch up to $30k/month (needs to be in a blue-chip location with super high-end luxury finishes/appliances/features obviously to rent for that much, and it’s seasonal, but still, it’s crazy).

We replaced old tile with luxury vinyl tile, painted the cabinets white and added hardware, replaced a dated eat in chandelier.

Does anyone have solid core luxury vinyl plank that has held up for years in your rental without splitting at the seams?

.- Labor and materials are so high that you can only build in the luxury market, making affordable housing mathematically impossible.With that said, we are seeing some cracks in the market:- Buyer fatigue is real.- Some buyers are pushing back.  

@Kiran Vemula I just did the same, sold a luxury condo that I used as a primary for 2 of the past 5 yrs, and rented for the last 3.

If you are ultra conservative, take half as much money out so you have more buffer on your monthly payment.