Re your first point, the only first hand knowledge/experience I have of this type market is from when my sister lived in Augusta Georgia. Every year for the Master's, some folks temporarily rent out their houses because the Master's (golf tournament) brings so many visitors to Augusta that the hotel market can't adequately serve it. It's a once a year event lasting about 2 weeks and the rest of the time the hotels are perfectly adequate to the needs of the city. The houses that are deemed the most desirable for this purpose are not those in the city core but those in walking distance of the golf course. The city is a madhouse during the Master's and traffic is insane (god help you if you need to make a left hand turn on the main drag that goes down to the golf course). Some residents rent out their house because you can temporarily get a premium price, enough to pay for you to go vacation elsewhere and not have to put up with this insanity. I have difficulty imagining another means to adequately meet the ridiculously high rental demand for this brief annual period.
I know it's an unusual situation, but it makes me wonder if it's really "all downside" so to speak. (And I had a goal of being a city planner at one time, so I am plenty familiar with the fact that out-of-town owners and the like can be very detrimental to a community.)
I know it's an unusual situation, but it makes me wonder if it's really "all downside" so to speak. (And I had a goal of being a city planner at one time, so I am plenty familiar with the fact that out-of-town owners and the like can be very detrimental to a community.)