At least in our market, we've already had a correction that appeared to bottom out in Q1 of 2023 when sentiment was at an all time low. 

I second Noah's sentiments. 

With interest rates going up from the lowest in 30-year history of 3% to 7%, many people sentimentally feel that this is not a good time to buy a home and are postponing home buying decisions until after interest rates drop down.Let me explain why this is a wrong way to think about buying a house and why now is a great time to enter the real estate market.Reason #1 is that interest rates in your lifetime will never going to be as low as they were during pandemic.

Or was that more a generalization referring to states with overall laxed sentiment towards STRs? 

Agreed with all the sentiment here regarding casting a wide net. 

I think that data should guide our decisions, even if some people may rely on their emotions or gut sentiments.

You are right "real estate goes up", but I'm not going to decide if a deal is good or not based on that general sentiment.

This explains why consumer sentiment has remained depressed despite unemployment being extremely low and inflation is down dramatically (9% to 3.2%).

Hey Chen, I agree with the sentiment of your friend.

Take all your competitors' reviews and load them in to ChatGPT and have it analyze the amenities and guest sentiment/satisfaction.