If, of course, the properties are being taxed at the rates they would be if they were “just ordinary folk”. In my area the wealthy buy five acre parcels, slap a monument to their wealth on it, then get it rezoned “agroculture” because they keep a pony out back.
Of course, second, third, etc. homes are actually drains on the economy, as they represent capital assets that are not being used effeciently. I wouldn’t expect John McCain to understand that, of course; personal economics isn’t any more interesting than national economics.
If, of course, the properties are being taxed at the rates they would be if they were “just ordinary folk”. In my area the wealthy buy five acre parcels, slap a monument to their wealth on it, then get it rezoned “agroculture” because they keep a pony out back.
Of course, second, third, etc. homes are actually drains on the economy, as they represent capital assets that are not being used effeciently. I wouldn’t expect John McCain to understand that, of course; personal economics isn’t any more interesting than national economics.