A very interesting debate, even if it’s reduced to mud slinging.
I have a place in Cornwall. I let it out and pay a local team of trades to keep it running.
My guests spend money locally.
I could of course sell it and return it to its original use, however it was originally a hotel and has never, ever been in residential use.
If I did sell it, and if everyone sold their properties, that’d be fine, but there would be very little accommodation.
So then the tourists wouldn’t come because they couldn’t stay, and it’s too far for day trips, mostly.
So what would happen? Because the tourist industry IS the local industry in that particular location, so you’d basically decimate the local industry. So how would all the local unemployed afford to buy my property or service a mortgage?
What would replace it? It’s not very cost effective to place manufacturing plants at lands end, for example. And where would you find the skilled Labour?
My local industry where I live includes manufacturing, and I’m not keen on that because it’s a bit ugly and sometimes it smells, but if it was taken away, lots of people would lose their jobs because it IS the local industry.
It seems lots of people aren’t happy with their local industry, but you can’t just remove it, can you?