Also, if zoning restrictions were to be relaxed, could the area end up like others with abundant supply, potentially leading to a decrease in property values?

The hope is to build experience and open more doors in the future for new builds.I also just had lunch with a banker on Friday who said they have been opening up and relaxing on real estate again…for everything except non-owner occupied construction - that is still a no go for them.

(My renovated units are unusually nice at each price point where I compete-- and so far, I have always had multiple applicants that want to rent; even in the dead of winter and right before the Christmas holidays).

Come January there is no hiding things, holiday spending will declare the standing of things, and while not impossible to do, I find it hard to see how they could spin a huge reduction in holiday spending as "economy is a-ok". 

The lower building costs and more relaxed development regulations definitely seem like attractive reasons to keep investing, especially with the need for housing growing as people continue moving in.

You also have two major holidays coming in the US (Thanksgiving and Christmas and construction will slow down as people take time off).

The low rise type buildings without elevators tend to have the more relax rules and also the lower assesments, so they can be a good option.

The STR regs around ski mountains are very relaxed.

We could probably push it to 70k income, but we take all of the good holidays for ourselves, and we have occupancy restrictions to lessen wear and tear on the property.

Relax, everything's gonna be alright.