Quote:
Originally Posted by Bill14564
I have no insight into the reasoning of the Developer.
|
Exactly! And neither does anyone else posting on this thread.
A lot of people have posted something to the effect that "the greedy developer will never do anything to curtail STRs because it will hurt sales". I have to disagree with that reasoning, because:
There are about 70,000 homes in TV and growing, how many are rented out and how many were bought as investment property for the sole purpose of renting them out? And of them, how many are STRs? The only number I saw thrown out here is about 800 listings for rentals in TV, which would be about 1%. So, let's be generous and call it 3-4%. Do we really think that savvy businesspeople like the Morse family will cater their business to 3-4% while disgruntling the vast majority? Do they want their core business of a 55+ "friendly" retirement community to become a flop house haven? I don't think so. Besides, they have absolutely no problem selling everything they build without selling to slumlords. And why would they spend a ton of money on the new schools if they want STRs? My suspicion is that either STRs are a problem that is evolving and the developer hasn't addressed yet, or they have already had their lawyers look at it and are not ready to get involved yet.