For most cities, the property taxes from single-family homes simply can’t pay the bills. One Minnesota mayor was remarkably blunt about that fact in a recent speech.
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What if Airbnb—maligned by urbanists everywhere—didn’t have to be part of the problem, but could rather be part of the solution for making our neighborhoods stronger, more adaptable, and more resilient? Drawing both from personal experience and historical precedent, a Strong Towns staffer makes just that case.
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There’s a 30% chance your house will be worth less in five years. Homeownership is not the surefire investment vehicle it often gets advertised as.
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