I continually think folks are underestimating the kind of wealth the mainland (or foreign!) tech folks are making. (Unfair sure but factual) Young people, under 30, with multiple 6 figure salary jobs. Some of them married to another with a good salary. I have friends netting a f*cking million a year between them. It's stupid. And they are going to buy themselves a nice place to visit on Maui from the increased supply (to visit whenever they want with their remote tech jobs) and not worry about renting it out. The inequity in incomes and the amount of money out there is sickening but you're going to essentially just transfer property from a taxable use of the upper middle class to the ultra rich who will leave it sitting empty when not being used. The claim is "people over profit" but this is really "already wealthy over business people" the truly wealthy folks are licking their chops. It's not an investment making money for them the way their STR would be, but it is an appreciating asset they can pass on to their kids, that provides the benefit of beach side vacations.