Nashville said no and it tanked condo prices in the city. They revoked short-term rental permits from everyone. Now they are allowing some buildings to be built where the entire building is short-term rental eligible. The units aren’t selling well at all. I’m not sure people trust the permits will be permanent.
1 Like
Just the wording of tenant protection is telling. It’s really a removal of property owner rights.
1 Like
What is the update? Did the Supreme Court take the case?
I don’t see anything in the news about this case today. Any one know what happened?
Nada…lazy bums!!!
What a freaking joke…
See??? Free rental markets are the way to go!!!
Javier Milei Got Rid of Rent Control in Argentina. Housing Supply Skyrocketed - Newsweek
I read 2 pieces of news today. One was state farm received approval to jack up rates and the other one was liberty mutual set to drop 17k properties from coverage. The news emphasized that the homeowners didn’t do anything wrong but are on the receiving end of the penalties (higher rates or non-renew). They featured homeowners telling reporters on camera of their experience and the financial hardship this causes through no fault of their own.
Upon hearing this last sentence it suddenly dawned on me that it’s actually very easy to fix the insurance problem. Just implement insurance control and all will be well. If there is no fault of the homeowner the insurance company should not be allowed to non-renew, or it should pay the homeowner for them to “relocate” their policies to other companies. Having insurance coverage is a basic human right after all, because housing is a basic human right and no insurance no housing.
2 Likes