What it does provide is year-over-year property appreciation AND rent price, high tenant demand - demand just exceeds supply, as well as net migration and being an inflation-proof vacation destination. 

You're welcome, generally, the issue with owning only 1 unit is it won't have a net positive cashflow once you account for R&M, vacancy, insurance, mortgage payments etc, additionally with condos you don't own as much land and as Stevo mentioned in Alberta it's fairly easy to keep building more condos so as the building ages and condo fees goes up your value goes down (adjusted for inflation).

Let's state the obvious: Inflation is a booger! 

Call it a "half-time" to the inflation pump.

As far as the markets go, things are moving quickly due to the backlog of buyers but my data suggests that supply will slowly start to creep upward as we get out of the summer and into the fall and hopefully as supply increases prices will deflate from the over inflated numbers we have been seeing over the last years or so. 

As a bonus, if interest rates do decline in the future, I can refinance to a lower rate which creates more value.While I have invested into mutual funds, done extremely well, I believe hard assets is a nice diversification at this point with a highly inflated stock market.

There has been such a heavy influx of people moving to vegas, as it is top 5 cities for growth in the U.S. currently, which does bring lots of value to the market in vegas itself, but with all the inflation/feds raising rates it makes things a bit more uncertain. 

I already have an STR there that does great but market is super inflated now Similar cabins to the one I bought a year ago are going for almost $150-200k more.

These locations don't enjoy the initial cash returns of some midwest markets, but don't have quite such an inflated entry price as San Diego.

Policies that make it hard to build housing have inflated housing costs to the point where lower income people are unable to afford even the most modest home.