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Old 09-21-2019, 03:42 PM
Balthisar is offline
Charter Member
Join Date: Nov 2000
Location: Southeast Michigan, USA
Posts: 11,335
Originally Posted by Left Hand of Dorkness View Post
But as an unregulated business model, it's wreaking havoc in my city. At last count, 3.5% OF ALL HOUSING in our city has been dedicated to short-term rentals by landlords who realize what a quick buck they can make. The pressure it places on the remaining housing market is driving prices through the roof, making it impossible for working-class locals to remain in the community.
Strictly speaking, the property is being put to the best economic use. Working class locals should look to purchase someplace more affordable. I feel bad for them, but I don't feel guilty for them. I feel bad for keyliners, but not guilty for them, either.