The winner of our recent facebook competition on the housing crisis, had this unique and smart idea. "Don't let businesses operate out of residential properties!". In Hamilton for example there is a huge number accountants, lawyers, doctors and other small businesses that own or rent a residential property to use for their business. In a relatively short period if all of these properties were available for families, this could have a huge impact on the housing crisis. Perhaps bringing down house prices and stopping rents jumping so quickly. It might sound hash on the small businesses, but in a lot of the country there is a lot of empty commercial space that could be better utilised. Also the majority of these businesses could operate just as well from a commercial property.
What do you think?
Ross
What do you think?
Ross
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