Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.
In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
