I share the sentiment - when I started seeing Gatlinburg show up on the 'best places to invest' chart in 2022-2023, I knew it was going to lead to an oversaturation.

Renting properties for STR does not come with the upsides of tax savings, appreciation, equity build up, etc.I agree with the sentiment expressed by others that diving straight into STR, especially with a property that is cashflow negative as a long-term rental (LTR) or through arbitrage, can pose risks.

So in that sense, the individual market data going into the whole broad based blanket sentiment IS very important.

When everyone feels this way, there will be a change of sentiment.

Oregon WA.. there was a huge boom in the post war 50's to 60s  ergo they made the movie Glen Garry Glenn Ross.. were developers really marketed this stuff.. also its what created Florida.just look at Lehigh Acres  300k lots platted recorded roads pushed through no homes.. those lots are traded still to this day back and forth up and down just talk to @John Thedford  he lives there.and literally every state and county has some land developments that never built out.. my first ten years in real estate from 18 years old to about 28 that's all I did was sell land.. land in those days 1975 to 1985  was the low value rental of today that is so popular in the mid west.. by 1980 houses in Cupertino were I lived were already north of 100 to 150k and by 85 were 500k.. so its the exact same sentiment you see on BP daily...

.: @John Clark I held your sentiment for over 25 years.

Everything in life changes and I'd expand your sentiment to "nothing stays good forever".

It’s not always as simple as "just sell," especially when there's deep sentimental value or when buying elsewhere costs just as much.We absolutely need to evolve with the times, but ideally we do so with policies that don’t punish stability, community roots, or thoughtful planning.

I agree with the sentiment to not be in a rush for the refi - with the economy facing numerous headwinds, I think there will be opportunities in the future. 

Would love any insight on:Neighborhoods to keep an eye on (or avoid)How the STR market is performingAny local quirks, regulations, or things to considerGeneral investor sentiment on Erie right nowIf you're local or actively investing there, I’d really really appreciate any tips or would love to connect.