Quote:
Originally Posted by courtyard
We invested our life savings this year in buying a home in a new "single family neighborhood" in TV. Then, later we discovered we were surrounded on all three sides with For Rent signs. This is why we need some new housing regulations. This was sold to us as a retirement community not an investment opportunity. :-(
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Why does that bother you? Are not there other folks on your street? You bought a home and so did the people who rent. They have the same rights as you do and perhaps they bought because it was a good investment opportunity. The fact that people are able to rent increases the buyer pool, particularly the snowbird buyer pool and without the snowbirds this would not be nearly as successful as it is.