Currently at a large global firm (at Houston location).

Also, a colder climate is better for DC.So from this aspect we can see something that's not too obvious, while the job and population is moving to the south, data center or internet data is actually moving to the north lol You have LNG coming on in 2026-2027, making natural gas even more globalized as a commodity.

This is just global trend. 

But if you look at other global macro trends you see other things forming quicker and I won't get into that, but that doesn't mean this isn't coming.I'm very tempted for the first time ever to sit 100% cash and watch, I may do this as we enter first business week of June.

Instead what's in discussion is putting a "global cap" on the number of STR licenses available in the city.

It's a recognized destination globally with over 70M tourists a year.

You would be surprised but I have read resumes with mispellings, poor grammer, etc.I would recommend generating a comprehensive global cash flow spreadsheet that includes all of your RE owned.

I think we can both agree that it’s a global problem though, right?

I actually work for a global real estate asset management and investment firm (mostly commercial, logistics, multi family etc) and have always loved this asset class.

Portugal as a whole has had huge capital appreciation over the last few years but that was mainly a catch up from the Global Financial Crisis and it was led by foreigners, notably through the Golden Visa, that's now been abolished.