I'm referring to someone who moves into a second home thinking that they will lease out their first home and doesn't spend time crunching the numbers. Some folks here are pretty financially sound and have figured out how to make that plan work for them, and they understand the market here but others just look around and think 'I could do that'. That is when they (perhaps) should have sold and invested elsewhere. Some of my friends are in the first group, but I have a number that are in the last group, and I guess I get frustrated because it seems like they are spinning their wheels when the money could be invested elsewhere. Asking the city to restrict development just so you personally can have a better market for your rental doesn't seem right. Just my 2 cents.
Is that wrong, Saratoga?