You will find opportunities in tourist-friendly areas.

I am considering building a small "home" (1000-1200sqft) specifically for short term rental in a tourist destination area.  

Of course here in southern California our season is really long, as we have year round perfect weather, and so many attractions for tourists. 

This would have worldwide implications.

Investors worldwide watched $30 trillion of stock market equity disappear in the past year while home prices have cratered by better than 25%.

Don't forget Italy is a primary tourist destination, too, so for those who are interested in the buy to let market the high numbers of tourists coming to Italy are appealing.

Don't forget Italy is a primary tourist destination, too, so for those who are interested in the buy to let market the high numbers of tourists coming to Italy are appealing.

& H. have decades of experience building the equipment, running a successful worldwide operation.

The price of the unit and how much it cost to prep it in furniture is half of the ROI formula along with the Revenue / expenseThird, the most important thing is just making sure you have really educated yourself in all the various parts of short-term rentals.I would start with "are there any drivable locations within 30 miles or so that are good tourist or City locations that make good returns." 

With low oil over the last few years, exploration has significantly decreased worldwide and there are predictions of an oil shortage by as soon as 2020 http://business.financialpost.com/commodities/ener...Anchorage is slightly less dependent on oil as the state is with strong, rapidly growing, employment in the medical field and a large army and air force base.