Quote:
Originally Posted by matthewb0051
More and more cities around the US are moving towards zoning ordinances and other legal restrictions on this problem.
|
Let's start there with a challenge...
"Build it and they will come."
-Providing cheap local housing will usually improve an area in the long run, because visitors spend 5-100x that amount on other local things(food, transportation, events, gifts).
-It's the basis of all immigrant state economics which violate federal laws.
"Big Corporations vs. The Little Guy/Gal"
-Why shouldn't average citizen have as much right to access revenue as the multinational property next door based overseas?
-Cottage industry has proven itself throughout history.
-Big Corps don't pay as much taxes.
"Stability"
-Income means homeowners don't foreclose on their mortgages. (see-->Detroit)
-Good for bankers/NY banksters which can't handle the rental business and get trillion dollar federal bailouts when they whine behind closed doors.
-Good for local government property tax revenue.
-The local money train stays a rollin' smoothly. Everyone happy. People keep pouring in.