Lance Growth says U.S. real estate is undergoing a structural shift as investors move capital out of heavily regulated markets like New York and California. He explains how crackdowns on short‑term rentals, including Airbnb (ABNB), are accelerating migration toward Sunbelt markets such as Miami, Texas, and Atlanta. Growth also highlights rising interest in defensive assets like self‑storage and data centers as investors seek passive, recession‑resistant exposure amid high rates and persistent demand.