This anon has noticed a big play on vacation real estate.
With a bit of research, you will find many vacation-type properties
HOA dues are going up by 50 to 125% in 2024 due to high cost
of insurance, especially anything near the water (Hurricane insurance).
This combined with high-interest rates is causing a bubble that will cause many to lose ownership of the premium real estate due to overhead costs doubling or more, I'm also seeing many significant price drops due to this situation.
What many don't see is the cash buyers gobbling up these properties. In many cases, developers are buying back these properties under financial distress due to the significantly increased cost of ownership.
The elite are buying up all the premium real estate.