Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I read over in the Minnesota forums that they are considering a rental ban after X amount of houses are rented in a neighborhood you can't rent anymore houses out. Preventing neighborhoods from going to mostly all rental houses.
"Rental Density Ordinances" which say only a certain number of houses on any block can be rentals and once that limit is met, you no longer have the right to rent your own house. http://www.city-data.com/forum/minne...ntal-bans.html
I like it because too many people are too darn lazy to stick it out and sell their house and go through the house showings and open houses. They want to pick up and leave and rent it out without any regard what that does to a neighborhood and the people in that neighborhood. It lowers the property value of all the other houses in the neighborhood.
I want to get your thoughts! Are you in favor of something like this or against it?
I think it is ridiculous, but I also think HOAs are equally ridiculous. If I own property, I should be able to do whatever i want to it, within reason, including renting it out. But to have an association or local government micromanaging things defeats the purpose for me.
I would also be pretty pi$*ed if I owned a house there. Even if I didn't have the intention of renting out, I would like the option if circumstances change.
Anyway, I see no positive in the rule. Maybe the OP like it because he has a renter on his block that doesn't cut the grass every other day. I also disagree with the OP's statement that rentals = lower property values.
What happens if the owner who is not allowed to rent it out, can't sell it either, due to the many reasons we have seen during the last 8 years or so? Well, perhaps they walk away, and instead of a rental you get a vacant house.
Stick it out? They want to leave? You have no idea what you're talking about. Did you bother to read through the other thread?
I currently live next to a vacant foreclosure. I wish someone rented the place.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
