RE: Second homeowners and lack of rental housing for local residents. You are right- it is not the fault of persons who bought real estate. Prices have increased 20% to 30%. The lack of yearly rentals has vanished. N.J. tenant laws are very unfair to landlords. It takes six months to two years to evict. Time and lawyers are expensive. Many rental properties have been destroyed by locals who also refused to pay rent during co-vid. Money never to be repaid since tenants have no financial assets. Most apartments are now a minimum of $1,500. Referring to landlords as scum lords, time for Abnb