No. of Recommendations: 4
I don't think it's political parties as it is NIMBYs, at least here in California. But it's so bad now that municipalities, Dem or Rep, are changing zoning laws to allow multi units in residential zones.
My mistake to use "parties". There are "entities" buying up houses, making quick repairs (lipstick on a pig, etc.) and flipping them. Where I am the multi-units are on designated roads and neighborhoods. California is good for multi-story rental units, and I have seen a few smaller units, but not that many townhouses, or 3-4 housing units in one building.
We want young folks to have a stab at buying that old house that needs a new roof and figuring the new roof into the house loan. Any time there are too many profiteers between the original seller and the ultimate buyer we have a problem. Then mix in B&Bs, even more of a problem. I'm not sure how we are going to do that.
