No, I'm planning to embrace the grind and work like no one else to one day  be worth as much as no one else. $800 will hopeful be like buying a bottle of water one day.I know man, STRs are a great solution to this problem but California in general is starting to be a hard place to live with taxes and limited options.

Third, the economy is still very dependent on tourism. 

It is sad to see such a booming hospitality & tourism town turn into a ghost town. 

Add to that the record number of people moving into town long term either as homebuyers or renters and we barely even had a shoulder season last fall.I record year in real estate sales, yes, but not a record year in tourism.

I would have guessed that the people driving up the prices are the fair number of buyers from out of state and even international countries given the profile of the universities and the strong tourism in the area.

I'm targeting a city like Cartegena in Colombia which thrives on tourism and renting out Airbnbs. 

If the numbers work for you and your goals it's ok to feel a little scared but then to embrace that and dive in anyway! 

If you are in a destination/tourism-heavy area, local gov understands that and already is used to "living" that way. i.e. take large parts of their revenue from accommodation taxes, sales taxes, etc.

So much so, these entrepreneurs are called “Tampreneurs.”Tampa has the diversified economy millennials seek, led by financial services, STEM-related occupations, health care, research, education, tourism, retirement, and military bases all making significant contributions to jobs and growth.

After 10 weeks of fake photos, updates and locking me out of my own house I embraced the truth and fired him.