The old bubble was built on bad debt..This bubble is built on 5 years of pent up demand.

Here is a great Bloomberg article on the pent up demand for entry level homes. https://finance.yahoo.com/news/housing-busts-long-shadow-110004280.html

Today's investor gets to ride the inflation cycle and cash in on pent up demand.That will not be the case for every market, but will be for many.  

You have low interest rates and pent up consumer demand. 

As an example:  When I hear people talk about "pent up demand", they're really referring to "pent up want."  

There is huge pent-up demand, and falling interest rates will trigger buyers and sellers.If interest rates return to reasonable levels in 2023, I expect significant rent and price growth.

That's above my pay grade so I won't argue that.Either way, BUYING IS HARDER NOW...due to high rates, but I assure people want to buy so we have pent up demand.We as real estate investors know that recession don't always equal housing crisis's or falling prices.

There is insane pent up demand right now, and when rates drop, everyone is going to get back into the market, and home prices will sky rocket again.

It appears we are out of the woods and there is pent up demand to vacation where golf is such a major draw that courses here are considered essential services.Scottsdale officially required minimum rentals of 30 days until just a few years ago when the governor said cities can't mandate lengths of stay.

We have pent up rental demand, pre approved tenants, and an very active listing site.