Quote:
Originally Posted by Velvet
Yes, but when it comes to residents how much do they care about their property value if they plan to live here? How much do they care about their daily quality of life in comparison (as affected by predatory rentals). Whether you say my house is worth 300K, 500K, or 1000K it makes no real difference to me. It’s exactly the same house! Unless you are an investor, generally the value of your property doesn’t mean much. Perhaps it does to the kids who may inherit it after you die.
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I agree 100%, which is one of the reasons I'm completely against STR's. They bring nothing of value and detract from the neighborhoods and amenities.
That said, Villagers (as most everywhere else) love to think about how much their house has appreciated and how much it's now worth. We are one of the few countries in the world, that view homes as "investments" and not simply the purchase of shelter.