If they did, there are a lot easier ways to make a profit on that knowledge than buying or selling real estate.Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.Although commodity price inflation has been severe, prices are just getting back to 2014 levels.The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.Government unemployment insurance benefit payments have trended to near zero.Nominal wage growth for the lowest income quartile is growing at the same pace as inflation.2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households. 

A couples house burned down.

That will burn off over time. 

If you have a tendency to let the money burn a hole in your pocket, leave it in there!   

Honestly he was lazy but also burned on managing student rentals.

Those areas will increase your net worth at a much more rapid rate, but it's a slower burn.

Easy waste disposal, might be cheaper than shelves.I like the desk in there, but I also cold see a fireplace or wood burning stove in that space, and over the uncovered patio possibly rail type roof to cut the sun load in the windows, and maybe a 6 foot sliding glass door instead of the patio door.Great design--I really like it as is though!

I had a property that burned down in a wildfire last week.

Here are some additional details to round out my original post:The properties in question are two vacant lots,side by side, both of which once had homes on them (they burned down within the last several years).

This may also mean it might be a bit of a "slow burn BRRR" and I can pull some money out to finance a future deal.Want to thank my agent again, Jessica Loose.