They've seen the peaks and valleys (08 crash and now post covid crash) and they've done unbelievably well investing there. 

Thanks I am using Peak Asset Lending and the broker I used is Naycor Solutions. 

Or the 6k houses that burn down in Napa and Sonoma counties  U just dont hear about it because it was not LA and the rich and famous.. the Napa fires are the exact same scenerio Atlas peak is solid brush and its burn 3 times in my lifetime but this time there was homes built right next to it and again freak winds downslope winds  that caused this..

We see it in our market here in College Station, Tx. also... the bigger properties do really well during our peak season but tend to be pretty stagnant during the week and sometimes even the weekend during our slower season.

Maybe lost of tax efficient gains during peak earning years?

They bought a second home near a popular tourist area, lived there for the summer, and rented it out during peak seasons.

I'm in one of 2 peak seasons currently. 

@Chirdeep BhutaniFrom various sources, values peaked in 2022, and have gone down about 20%.

You may also have to pay a broker to rent it, when usually the tenants cover that during peak rental season (May-July for 9/1 leases).Good thing is once it's rented you should almost never have vacancy if you're mindful of re-listing it in a timely fashion.

You'll have to operate at peak efficiency to make good money, which means more time, stress, and headache.