For example let's say you have an older home with plaster walls, your contractor will replace them with drywall at a fraction of the cost but the insurance covers the cost to replace with plaster which could be thousands of dollars more.

Will it need to be replaced in the near future?

These are gentrifying neighborhoods where development is rampant and properties are selling at a price point above replacement cost.

You may have better luck with a cash out refinance, which would allow you to pull equity from the property by replacing the existing mortgage with a new one.

- Does the "final inspection within 1 day of closing" replace my initial inspection contingency?

I am sure there are lots of different reasons for it. well they were replaced by those crossing the border 750k out of 42 mil probably not that big of an impact.. traffic is still really heavy I was just there last weekend in the SF bay area no signs of the state looking like some of the dead cities one finds in the rust belt or deep south.

For rents to increase faster than inflation, there must be significant and sustained population growth.Sufficient income to replace your current income: This will require multiple properties.

For example one family wants to repair the roof and the other wants to replace it.

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

My water usage bill is the same,  general lability coverage is the same, if and when I have to replace my water service line it will cost the same, the cost for my lawncare and snow removal costs the same, exterminating services cost the same and the list goes on.