I'm not convinced this is quite it. The housing demand (by real, live physical people, not remote investors) is likely seasonal. Town like Tahoe might have 10x

I'm not convinced this is quite it. The housing demand (by real, live physical people, not remote investors) is likely seasonal. Town like Tahoe might have 10x the number of people in them 12 weeks of the year. Unless we're setting up tents, we'll need permanent structures available for short term rental.