So-o-o, we should always remember that the "government" can always print money but they sure can't do what you do each and every day.Hang on...

Nationwide rates hit a lows - so there has really never been a better time "spread" wise.Moreover, the FED has printed so much money (~25% of all dollars in existence were created during COVID).

Marketing units for maximum exposure Photography/floor plan costs Flyers and other printed marketing materials Paying for features on online platformsEtc. 

And no foresight was needed to get ~80% return with zero effort in less than 2 years - the stock market had a massive drop, pandemic is obviously temporary, and the govt was debating about how many trillions they should print.

Then what you're talking about is extremely, extremely expensive teardowns, with the so-called "missing middle" being put there to maximize the economic return, which means that you will have extremely expensive rent/buy condos/townhomes/2-3-4-plexs.California suffers from the perfect storm of stupid policies, bad street planning (that's actually getting worse), some real actual natural constraints to building, and receiving a massive local inflation hit from not only the Fed's money printing machine but also from overseas investors who also have monopoly money looking either a place to dump some cash or somewhere to have an anchor baby.

@John Underwood I used to print out google maps and as I drove over a street I would color it in red until all the streets I wanted to visit were filled in with red.

There is a lot of fine print in loan docs.

Yes, this means printing a document, signing it by hand, addressing an envelope, buying a stamp, and taking it to the post office for mailing. 

I think future house prices (or rent prices) are more of a function of population growth, economic growth, money printing and available housing (or rental) supply vs demand.With new builds having ever-increasing prices it would also make sense in the medium-term for prices to correct.

I'm working with a buyer on a home that has the 3D scan virtual tour and floor print with approximate measurements and that's been very helpful.