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Housing Bubble Caused by Greedy Capitalists?
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<blockquote data-quote="Babagounj" data-source="post: 5300730" data-attributes="member: 12952"><p>My local house prices are going up because of AirB&Bs.</p><p>Since the Town does not have any regulations governing them, many investors are buying up everything possible.</p><p>They fix up the houses and offer them as short term rentals.</p><p>Almost none are owner occupied, which is upsetting to others living nearby.</p><p>One family is concern because of the 4 house on their short street , 2 are STR and the 3rd house is thinking of doing the same.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5300730, member: 12952"] My local house prices are going up because of AirB&Bs. Since the Town does not have any regulations governing them, many investors are buying up everything possible. They fix up the houses and offer them as short term rentals. Almost none are owner occupied, which is upsetting to others living nearby. One family is concern because of the 4 house on their short street , 2 are STR and the 3rd house is thinking of doing the same. [/QUOTE]
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