my smallish community has like 700 homes for sale right now. generally, before the short term rental apps were a thing, that number fluctuated between 2200 and 1600.
there are now like 1400 short term rentals and they have squeezed the shit out of an already tightened housing market. typical landlords have been bleeding this place for decades, but the STRs are having a feeding frenzy.
housing prices / rents were climbing up 3-4 years ago, but in the last 18 months they have fucking exploded. there is open discussion of it being a "housing crisis" by the city council/mayor, residents are pushing for either an outright ban on STRs or a strict limit involving monitoring of community complaints. a lot of the STR tourists are bachelor party douchebags and frat reunions and rich asshole bazingas, so there's a pretty serious coalition of people that want to do something about housing in general and people who just hate the tourists shitting up our neighborhoods and throwing drunken ragers that last until 4am on a week night.
I don't think they'll ban, but it would be hilarious if they did and/or a collapsed happened and all those houses went up for sale or long term rent immediately, driving down rents and home prices. working people in this town could use a break.
my smallish community has like 700 homes for sale right now. generally, before the short term rental apps were a thing, that number fluctuated between 2200 and 1600.
there are now like 1400 short term rentals and they have squeezed the shit out of an already tightened housing market. typical landlords have been bleeding this place for decades, but the STRs are having a feeding frenzy.
housing prices / rents were climbing up 3-4 years ago, but in the last 18 months they have fucking exploded. there is open discussion of it being a "housing crisis" by the city council/mayor, residents are pushing for either an outright ban on STRs or a strict limit involving monitoring of community complaints. a lot of the STR tourists are bachelor party douchebags and frat reunions and rich asshole bazingas, so there's a pretty serious coalition of people that want to do something about housing in general and people who just hate the tourists shitting up our neighborhoods and throwing drunken ragers that last until 4am on a week night.
I don't think they'll ban, but it would be hilarious if they did and/or a collapsed happened and all those houses went up for sale or long term rent immediately, driving down rents and home prices. working people in this town could use a break.