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And have to sell way below value because the neighborhood went into the dumper. . .and they can't afford the loss.

You have a right to rent to anyone. . .too include illegal aliens. . .especially those that are receiving in-state tuition. Just try and NOT rent to an illegal and see what happens. Most places limit the number of non-related adults living in a home, so, that usually helps slow down student migration into a neighborhood.

Interesting note: Was picking from a list of corporate apartments my company offered for a short-term assignment. Went to each apartment complext and found out quickly which ones were chocked full of students and avoided those. Apartment manager would not, could not, tell me if they had a significant amount of students living there. Had to drive by on a Fri/Sat night to get the full experience of the place(s). Found a quiet place, moved in and then shortly thereafter a few of Holder's people moved in and started the ‘thumpa-thumpa’ non-stop noise they call ‘music.’ I had enough, found the apparent leader of the party crowd's black SUV and wrote in the dust-covered rear window: “The police KNOW!!”

The noise went away and the invasion of Holder's people went away. . .they disappeared. Asked the manager and she said they simply went away, never told the manager, left clothes and furniture behind-—HAH!!

"And have to sell way below value because the neighborhood went into the dumper. . .and they can't afford the loss."

This doesn't sound like my kind of neighborhood, so I don't live there. Places change, that's the risk of any real estate (unless you can afford large tracts of land, in which case only the EPA can seize it).

I'll be the first to grant that the free market is far from perfect. However, I think most of the time it beats a bureaucracy trying to do what's best for the "common good."

Note that a free market also means being able to rent to whomever you want. We are pretty far from having any kind of free market these days.

There's a town along the Jersey shore where these conflicts between year-round residents and seasonal renters has become a big problem over the years. A recent (maybe still current) mayor implemented a colorful and interesting approach to dealing with endless problems with unsupervised teenagers and college kids causing trouble. The town began publishing a summer newsletter with a weekly "Police Blotter" that listed all of the places -- by street address and property owner -- that had police complaints related to noise, underage drinking, narcotics, garbage disposal, etc. They also adopted a town ordinance that levied heavy fines against the property owner whenever the house was listed in the police report. The fines would escalate over time.

Eventually it got to the point where the property owners began writing provisions into the rental agreements whereby the renter(s) would have to pay any fines associated with their troublemaking, and the only way the owner could guarantee payment would be to demand enough money up front (as part of the deposit) to cover the fine if necessary. When a bunch of young punks has to come up with a $10,000 or $20,000 deposit for a two-week rental, they either find somewhere else to go or they make sure they are on their best behavior.

That actually helped solve the problem. In that particular case any concerns about the property owner's rights weren't much of a factor, for a very important reason: Most of the owners of the rental properties lived out of town, and therefore had no say in the harsh measures the municipal government imposed.