Either there will be a crash or some massive inflation soon. 

#5 You Don’t Need the Money for a WhileIt’s possible you’re in a season of life where your kids’ vehicle purchases or college decisions are either several years in front of or behind you, that you’re in a home that doesn’t need a massive kitchen renovation, or just that you have spent some time planning well, establishing savings accounts, and minding your expenses.

And almost all of them leveraged to build that massive wealth.

Leveraging is a quick way to massive wealth.

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.

We have a couple personal loans, 2 car loans, and massive student debt.

But for those of us who dont have massive portfolios priced in at 1/3 of current prices... well... 

I've been listening to massive amounts of podcasts while I work my day job, and reading everything I can. 

Now this is where regulations have gone too far and will cause a massive spike in demand, not only for STR but for traditional hotel lodging.