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Old 01-16-2022, 02:37 PM   #35
John Mercier
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They had it in the past.
Visitors would go to businesses that were specifically regulated and formatted for that purpose.

When a resident rents a room (sort of like a B&B), unless they are operating as a B&B under the old regulations, they would generally rent for months or years; thus not even invoking the M&R tax.

With everyone trying to us an AirBnb approach for a second home, and then claiming they doing so to offset taxes, they are eating up the existing supply of housing.
Since it is so expensive and a slow process to increase the supply of housing, the government must defer demand, at least until we can catch up on supply. Without that, there has to be labor wage inflation in the double digits.

They allowed themselves to get trapped with material inflation... and pretty soon mortgage rate increases that they may never get out from under this situation without very brutal regulation.
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