If the rentals of town houses is not allowed, the residents of the community will see the following:
1. Significant drop in Mansion Farm house prices. If there are too many houses for sale in the community and not enough buyers, then the prices would continue to go down.
2. Rise in the number of foreclosures. People who are not able to sell the house at a reasonable price and at the same time are not able to afford the mortgage will have to foreclose their house. Who would like to live in a community where there are several foreclosures?
If we look the property prices elsewhere in Bear, they are going up apart from our society. As people see drop in the house prices or more foreclosures in the community, less people would be attracted to buy property in such a community, leading to further decrease of property prices in Mansion Farms and more foreclosures.
If we want to sustain the values of our property, we should allow the home owners of the town houses to rent their property if they are not able to sell the property. This will reduce the number of houses on the market and bring the value of our houses up. The value of our houses has gone down by 30% and is going to go further down if we don't allow the homeowners to rent their property.
