It started off as a family's seasonal retreat, turned permanent residence, turned bed & breakfast, turned New Urban Village.

And no matter what at least the west coast retreat/stagnate - advance appreciate model will come in play.There's no such thing as a new paradigm. 

Home ownership is just no longer this safe retreat to stash money.

It is all overnight log cabin rentals that can range from 1 bedroom honeymoon style cabins ($100,000 ish) to large multi-family or corporate retreat cabins that are 5,6,7, and even 8 bedrooms ($500,000 to over 1M).  

@Patrick Wheeler  most cities have bidding services... not sure if yours does.. and of course auctions are down all over the US the bidding services may have had to fold or retreat a bunch.when I did this for a living. .I had 6 door knockers and 4 folks that covered auctions every day in 3 counties and Friday in Clark co Washington as sales were held only on Friday.in some states its once a month.. those EASY states to deal with.. in Oregon and CA they are daily you talk aobut a lot of work....

Then the artists come in followed at some point much later by mobs of yoga types pushing strollers.I just looked at that house on Hallock it went under contract, during the first look phase.

Valuations could stabilize and retreat, but if you are focused on cash flow not appreciation, a SFR or MF bought right, with great property mgt in solid areas of town should still make money IMO.  

There isn't anything to offer here in terms of activities other than going for walks in the trees, but we plan to put a fire pit area outside and just make it into a quiet retreat kind of place.  

Our prices have topped out and are starting to retreat.

http://dealbook.blogs.nytimes.com/2009/05/14/credit-suisse-dressed-down-over-yellowstone-loan/If Chrysler’s secured creditors think they are getting rough treatment in bankruptcy court, they should consider what just happened to Credit Suisse in Montana.In a ruling that crackles with outrage, the judge overseeing the bankruptcy of the Yellowstone Club, a mountain retreat for the super-rich, took the rare step of lowering the priority of Credit Suisse’s secured debt, putting it behind even the claims of Yellowstone’s unsecured creditors, like vendors.