It applies to STR in the same way.Is anyone here adjusting their investment strategy because of this?

Here’s how it works:Population Decline or Stagnation: If the population is static or shrinking, the current housing supply meets demand, and property prices decline (in inflation-adjusted dollars).

Once you've identified what's important and what ratios to look for to evaluate a property, all future deals should be weighted against those "good" ratios/numbers - and periodically adjust to suit your goals.

This is not personal, but if a person cannot save money now real estate is the worst investment to get into as it is one of the most cost intensive businesses to be in.  

This tends to be more time intensive and more for someone that has a lot of time and limited income as you may find a "home run" type deal with some effort/energy.

With my CFO clients, I generally assume a 35% operating expense margin (which excludes vacancy and mortgage payments) to start with and adjust from there.

The investors who succeed now will be the ones who adjust their strategies to current conditions rather than relying on what worked during the last bull market.

However, this isn’t a sign of a long-term shift—it's a temporary adjustment influenced by a unique set of factors.The good news?

Now, there are very high effort / high intensity strategies that can generate more cash flow and/or return capital back to you. 

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.