I used to invest a lot in private money notes, and late last year was looking into turnkeys, but am leaving my law firm gig and now all my money is going into my new company (which uses artificial intelligence to automate the drafting of legal document for small real estate syndication/private equity funds!

The result is we have low inventory and remote workers with lots of cash (no vacations for the past year and ready to leave the big city), artificially pushing up prices.

Analytically, one of the major reasons was the artificially low supply levels, as people are not moving as much in the era of covid. 

When you use an escalator clause how to you verify the list agent isn't artificially boosting the price with other "fake" offers?

Agree.In 2009, the fed was also printing a lot of money to ease the short term economic depression.The effect of those printed money basically diluted the intrinsic value of Dollar, and showed it effect on Real Estate price from 2012 to 2019.The amount of Money artificially created this time by Fed in 2020, due to Covid19, is about 20% of the total M2.

It's the differences between macroeconomics and microeconomics.Macroeconomics - inflation is up, there is way too much money out there chasing  lower housing supply, interest rates are probably artificially low and we have supply and labor chain issues due to COVID and never before seen levels of government "regulations" at both federal and state/local levels.Microeconomics - Some cities, states, regions are doing better than others. 

I knew that they would need to seriously lower the standards for these housing prices in San Diego, where I live to continue to artificially rise for a year or two.

Unless you want to artificially increase the rent and then give them a discount, but I agree with Joe-they signed a document saying they'd pay the rent on time and they should do so.

Which is why I look at price per door in a given submarket, I'd rather buy a "low CAP" under the average PPD than a high CAP at a higher PPD in that same submarket because the low cap scares off buyers and there is normally something going on that causes the CAP to be artificially low.

So then demand is artificially inflated. 6) "Missing half of living expenses"?