Makes sense in this higher rate environment.  

I would suspect once investors digest the higher rate environment and some of the hurricane damage is moved inventory will settle out in neutral territory. 

Several reasons but primary is case law there, and the way things are set for LLC's, it's a very conducive environment. - Use the "asset island" method from start.

We seem to forget the 4500 homes that burnt down in the Oakland / Bezerkly hills this had to do with a ton of Eucalyptus trees which are like roman candles and those are what cause massive fires in Australia there native environment. 

@Andy Mirza I agree that there will be vast opportunities for distressed debt in the post-Covid environment, but we won't see those assets probably for another 9 months or more.

BAM is a conservative operator and understanding of our current economic environment. 

But if you can find an investment that pushes out beyond the next 2 or 3 years into a  “different” financial environment you might have a better risk reward return. 

Smart idea staying flexible in this environment.

This is not normal in a rising interest rate environment. 

Major cities where STRs have only began rising up and gaining public spotlight with the rise of AirBNB are more likely to have more shifting and less stable regulatory environments since those areas are still in the process of trying to find the balance for STRs within their markets.