It doesn't have the critical tourism mass, there's no middle class so no domestic demand for western-style properties and none of these is expected to change any time soon. 

Tourism is also a top industry, so short term rentals are a notable niche here as well.  

We also have a large snowbird market, and huge tourism. 

It's like Vietnam to the tenth Power.

Also cities like SF has a homeless problem which is destroying it's tourism as well so multiple issues .

I am not sure what is store economically in the near future as the city is heavily reliant on tourism and oil, but the people are resilient and as an investor I have different strategies for different market cycles so think the future is bright here.

Vietnam is likely poised for a big run up in prices.

I would avoid areas with a high concentration in anyone industry, for example, Orlando has a high concentration in the tourism industry and when Covid hit they got crushed. 

Why do you think this shift has occurred in an area with more rentals, tourism, government, and military than the rest of the country?

So my dream was to be an airline pilot.. started with flying lessons way back as a Senior in high school ( I was bagging groceries so I could pay for one lesson a week).. but this being the Post Vietnam Era the chance of getting hired on with out a very long process of flight instructing and so forth was something my limited patience just would not let me do.. airlines were hiring Jet jocks from the military us guys trying to work up it would take years.So my dad talked me into getting my real estate license.. so got that at 18.. started to try to sell.. it was very tough being so young.. but 60 days later and many tears from rejection ( see wholesalers ) I finally closed my first deal before I quit..