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Quote:
Originally Posted by tophcfa
That would be great, but it’s not happening for two obvious reasons.
1) Making short term rentals less attractive would have a negative impact on the demand for new home sales.
2) A certain entity, that benefits greatly from new home sales, has a very heavy hand when it comes to local government.
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BINGO and BINGO, you take home the grand prize today ! The whole idea is to encourage buying not one home, but several to pay for the initial investment. Had friends who did this very thing, bought a home here, continued to buy one or so a year, made mind boggling profits with their string of rentals, sold everything in year 15 and bought a live aboard boat to sail the world.... everyone has a dream, they saw an exceptional opportunity to make money easily. husband was skilled at doing any repairs and upkeep himself, and they really "cleaned up" as the old saying goes. It's win-win for everyone except those of us who live here full time and our dream was a stable, friendly, street/block/villages of same minded folks. Not going to happen ! Most of the in and outs don't even wave back to you, let alone bother to introduce themselves, chat a bit, etc.