Pushing up home prices (via comparable valuations) is the issue. Not affordable housing per-se. These second homes cause a hotspot in local prices that then sp

Pushing up home prices (via comparable valuations) is the issue. Not affordable housing per-se. These second homes cause a hotspot in local prices that then spreads out further over the years as the neighbors sell their homes and demand higher prices (since "that's the market now"). Eventually (a decade or more) it does affect cheaper homes in the area and price out people. But knowing human nature, this is probably just local government doing a money grab. Because someone buying a $23mm home won't even miss the little bite.