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0 pointsanamax4y ago0 comments

And they either rent them at a high price or they lose money.

Like I wrote above, a friend of mine owns two houses. Under the proposed "no investment residences" rule, he can't, unless he leaves one of them vacant almost all of the year.

For some people, renting is the right thing. It's unclear how banning rental properties makes their life better.

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totony4y ago

Does your friend need a second property? If there was such a ban someone else could buy it that would have stayed in it/rented it anyway

stouset4y ago

How exactly do you think somebody else could have rented that property if somebody wasn't allowed to purchase it for the purpose of renting it out?

totony4y ago

You misread what I said. The person would have bought it instead of having to rent it from your friend

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0 pointsanamax4y ago0 comments

And they either rent them at a high price or they lose money.

Like I wrote above, a friend of mine owns two houses. Under the proposed "no investment residences" rule, he can't, unless he leaves one of them vacant almost all of the year.

For some people, renting is the right thing. It's unclear how banning rental properties makes their life better.

0 comments

totony4y ago

Does your friend need a second property? If there was such a ban someone else could buy it that would have stayed in it/rented it anyway

stouset4y ago

How exactly do you think somebody else could have rented that property if somebody wasn't allowed to purchase it for the purpose of renting it out?

totony4y ago

You misread what I said. The person would have bought it instead of having to rent it from your friend

1 more reply

j / k navigate · click thread line to collapse