The city is very amenable to STRs but they’re also very much concerned about Destin collapsing into a Panama City Beach situation.

If the market collapses it will be because of investors that bought on the 1% rule. $100-$200/mo is not sustainable for the long-term.

I don't know for sure since we took our listings offline but I suspect that the urban STR market collapsed in 2020.

I had a sewer line scoped at closing on one building, everything looked fine and a year later the pipe collapsed and I had to dig it out and do a full replacement.

The economy and currency (so strong w/the upcoming World Cup and the Olympics, Brazil seemingly so strong w/the commodity cycle) collapsed.  

@Yosef Ajami The only time in recent history where I have hear of home values declining significantly was during the financial collapse in 2008/2009. 

Try, "Home Sales Collapse to 10 year low Realtors Freaking Out."

Logically it doesn't make sense that an entire economy collapses forever at this point, the most realistic way for an entire economy or market to die would be absolute obsolesce of whatever was being provided.

It took the '08' collapse to force my movement because I was kinda stuck in my success point, I was killing it in MFH development so even though I kept poking around edges of REI as an interest, I was too busy doing what I knew and made the $ happen.

An inspector could pass a framing inspection for a home, that collapses the next day and it is still the building owner/ general contractor/ framer that would be liable in that case.