M2 has not come down much since it's post-COVID peak and national debt as a percentage of GDP is at a record high.

It isn't the metric you can talk about on a national scale, but if you keep buying the same product in the same area it is a very easy quick and dirty method to know how you are doing compared to other buys. 

The building of an asset that is down nationally is a risk.  

of the "great photo" examples having calendars that are wiiiiiiide open, with barely a booking on them.Fair enough, I pulled these from first page results of nation wide searches (it was skewed SE for me because I mainly look in those areas) so they obviously rank very high on the algorithm.

My vacation market we are around $800 per night so the clientele is more family oriented and tend to spend most days in national parks or out adventuring.

This has happened all over the country and will continue to happen because we are becoming a renter nation and we will probably never keep up with the housing supply.

you need to own the land or have more experience. make 100 calls to land developers nationally. use linkedin and get some experience for a month. this is a self taught business. very specialized. 

OSU enrollment continues to grow and it ranks in the top 10 in the nation for highest enrollment to lack of housing ratio in the nation.

San Diego is a competitive RE market with decades of near top of nation appreciation and rent growth.  

Just remember, you can't close on the replacement property before selling your current one.Qualified Intermediary RecommendationsFor intermediaries, I'd recommend starting with some highly-rated national firms.