They are playing numbers game.

If BRICS was joined by OPEC, that's it, game over for USD and "west".     

Lesson from Radiant Young Adults night in Tampa – "Staying Power"Last Thursday's session reminded me:- Stay consistent- Play the long game- Consistency always beats periodic bursts of intensity- Consistency might feel “boring,” but that’s where growth happensStay the course!

There are a lot of owners that have great purchase prices and 3 to 4% Interest rates that bought 5, 10 or more years ago.If you want to jump into the STR market game now in competitive markets you better run your numbers conservatively and you need an appealing location and property to be competitive. 

I understand it's a long term game.

REI is usually a long game in regards to building wealth.

Horrible idea for many reasons...1) Without a decent down payment ~20%, it's very unlikely you'll cashflow after all expenses 2) Sounds like this would be a highly leveraged property - high leverage when rates are high is a dangerous game to play.

It's accelerated a lot from there but real estate is and always will be a long-game. 

With the median time to contract stretching from 21 to 32 days, it’s about playing the long game.

In one case I game them a percentage based rent for a year as well (covid), then reverted back to the fixed lease afterwards.