The worst part, I think there's a reasonable case for a continued run-up for another 12+ months caused by inflationary pressure (also accept there's a deflationary case) and macro trend of public investors moving to private markets.So you take a 6-8% cap investment with medium-term volatility over ...

Additionally, all the examples I mentioned came with such volatile political strife that would far outweigh any small benefits you may hope to gain. my bet is that any financial mess, no matter how catastrophic, will be short term.

Especially as the industry up there is based mainly around tourism, which can be volatile.

Bitcoin up 31%.Real estate is providing bitcoin like returns, without the volatility.

Quite a volatile few quarters.

Out situation is somewhat unique in that we have equity we want to get out of company stock and into real estate to minimize the volatility.

Keep in mind that air BNB can be more volatile and that should play a factor.  

If it can't and you are looking for long term appreciation I would ensure I had additional cash reserves to handle the volatility in todays market.

Nobody loves what's going on with the volatility of the rate right now.  401ks are nosediving, the cost of borrowing money is skyrocketing. 

Another thing to consider is the volatility of the stock market in an inflationary environment, vs real estate returns which have historically outpaced inflation.