another force acting upon me is the sickening realization that just about anyone selling a house right now on the open market who isn’t selective about who they’re selling it to is, all too often, letting it fall into the hands of some foreign billionaire’s real estate holdings firm where they will use it as a personal investment-speculation-based piggy bank and transform it into, at best, an airbnb where people are charged four figures per night OR at worst, nobody is allowed to live there just to drive up the value of their other properties through artificial scarcity.
I want to see people continuing to own property. Families continuing to own property. Not corporations asserting neofeudalism.
One of the municipalities not too far from me has put some onerous regulations on short term rentals and I’m SUPER hopeful that it catches on everywhere.
another force acting upon me is the sickening realization that just about anyone selling a house right now on the open market who isn’t selective about who they’re selling it to is, all too often, letting it fall into the hands of some foreign billionaire’s real estate holdings firm where they will use it as a personal investment-speculation-based piggy bank and transform it into, at best, an airbnb where people are charged four figures per night OR at worst, nobody is allowed to live there just to drive up the value of their other properties through artificial scarcity.
I want to see people continuing to own property. Families continuing to own property. Not corporations asserting neofeudalism.
One of the municipalities not too far from me has put some onerous regulations on short term rentals and I’m SUPER hopeful that it catches on everywhere.