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Old 01-04-2022, 05:45 PM   #20
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Default Not workforce housing

Originally Posted by Woodsy View Post
I don't think the State or City would really care if there was an abundance of affordable workforce housing... Unfortunately, there is a huge shortage of affordable housing and short term/airbnb/vrbo investors gobble up what little inventory is left thus driving the prices even higher. While it might be financially beneficial to an investor, the neighborhood pays the price.

I don't think this has anything to do with low cost workforce housing not being available. We're talking about short term vacation rentals--expensive shorefront where the owner wants to offset high taxes and get a little cash flow when he is not using the property. As a side effect, this may benefit workforce housing. Owners who can't get the high summer rents will rent September through May for cheap just to keep somebody in the house, heat on, no vandalism, snow cleared, etc.
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