Personally, I think the vote passed yesterday was positive and will help to prevent further commercialization of the residential sector. I can definitely see the other side of the discussion though, as it is more restrictive on property owners’ rights! However, I haven’t seen the data behind loss of tourism, jobs, etc. If anything, this was most likely hurting the hotel industry which is where many jobs are. I wouldn’t classify an owner of a STVR with a bottle of Windex a job loss. I’ve seen this, despite charging massive cleaning fees.
In this current market environment, this important inventory will not sit idle and should benefit renters and prospective homebuyers along with their families.
