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This is a large reason why many of our larger municipalities now forbid to buy a home in their zone if it isn’t (going to be) your primary residence. It seems t
by spockz 2y ago
This is a large reason why many of our larger municipalities now forbid to buy a home in their zone if it isn’t (going to be) your primary residence. It seems to be working quite well.
- astrange 2y agoThe only thing that matters is how many homes there are; stuff like this and vacancy taxes has barely any effect. The main reason to do it is if you want to appear to solve the problem without actually trying to solve it. The main reason anyone would own two SFHs is that you need to do this in order to move. If you sell your first home before moving you're homeless. And after that it can take a long time to find a buyer. They're a bad rental investment though because it's way too risky to own one; one bad renter or one roof replacement means you've lost money.
- Qwertious 2y ago>The only thing that matters is how many homes there are Cost of construction also matters - it reduces the renter's BATNA which reduces bargaining power.
- eric-hu 2y agoThat sounds like a policy I can get behind. Can you share a name of such a policy or a link to one?
- kortilla 2y agoThat’s an idiotic law. It discourages home building.