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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 residenc

by anamax 5y ago

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.

totony 5y 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
- stouset 5y 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?
  - totony 5y ago
    You misread what I said. The person would have bought it instead of having to rent it from your friend
    - anamax 5y ago
      Many people who rent do so because renting is better for them than buying.