With regard to short-term rentals in Lake Bluff, two thoughts occur to me:
- The internal revenue code seems to read that one may rent one’s home or a part, for less than 15 days per year; trouser the proceeds and pay no taxes. (Thereby, being able to afford the egregious taxes here.)
- There are various think tanks who actually read the constitution. One part says that government may not take one’s property without just compensation. How much will the village escrow each year for the likely lawsuits?
Just some thoughts I have not seen in the papers.
Editor’s note: Letters to the Editor represent the writers’ opinions and not necessarily those of Daily North Shore. We encourage readers to post Letters to the Editor — please use this link to do so.