Quote:
Originally Posted by rubicon
This situation is one reason I deplore the rental policy in this community. I especially dislike the policy when someone purchases a home(s) specifically for renting.
This situation received such notoriety that my son-in-law called my wife from his home in New York to see if there was more to the story than he read in the paper
Are we losing the fantasy island glow and becoming a kardashian nightmare?
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When I first moved here many year ago. You could only own one house. Of course there was always the people Who thought it was the American way to find a way to beat the system. Back then they would buy one house and tell of villages that the house they bought was either too big or too small so they wanted to buy another one while the original house was up for sale. But the asking price for the original house was so high that nobody would ever buy it and therefore they were able to buy another house.. The second house became a rental. They would then take the original house off the market and stay in the original house. But as time went on and the developer got greedy he really didn't care That a good development is "owner occupied" and not people who buy for investment. I know of some communities where it is not legal to own two homes and the difference is like night and day. Rentals bring problems,, don't get me wrong there are people that want to rent before they buy but there also the entrepreneurs who could care less who they rent to as long as they make money. You can see it in some of the neighborhoods where on some blocks there are many rentals and the camaraderie between the neighbors ceases to exist. This is always not the case There are exceptions. When it is owner occupied seems to be a much better neighborhood.