Threat of Short-term Rentals to mountain towns

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Re: Threat of STR to mountain towns

snoloco
In reply to this post by Z
NYC already has done this.  They don't allow short term rentals less than 30 days and will fine you big time if they catch you.  Since they already have a lack of affordable middle income housing units, having lots of STR's will only make it worse.

I've lived in New York my entire life.
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Re: Threat of STR to mountain towns

x10003q
Mountain housing for local workers has been a problem for as long as there have been workers at and around ski resorts. There is nothing new about that. When resorts fail to hire enough workers to operate, they will have to raise wages and/or offer some kind of housing subsidy.

Short term rentals have been around for decades. Now that owners have direct contact with the renters, they have been able to cut out the rental agents. It is hard to fault owners for going this route. Trying to make money with a ski house is very difficult.

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Re: Threat of STR to mountain towns

raisingarizona
F- having more government regulations.

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Re: Threat of STR to mountain towns

Marcski
I agree with X and RA.  I don't want more gov't regulations.  Affordabile housing in ski towns or the lack thereof has nothing to do with Airbnb or HomeAway.  Furthermore, I don't want or need big brother telling me what I can do with my own properties and/or homes.  It's one thing if I am buying in a homeowner's association where there are written rules/by-laws, but absent that, I agree with RA's sentiment.

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Re: Threat of STR to mountain towns

evantful
In reply to this post by PeeTex
Federal Tax receipts as percentage of GDP isn't the best comparison, just like using Federal Spending as a Percentage of GDP isn't. Deficit is deficit.

And government spending increases have occurred almost irregardless of political control. So you may think you didn't vote for a welfare state or a military state, but you sure did vote for someone who continued spending in spite of the fact the deficit continued to increase.

The point is that its alittle ridiculous for you to take some image you created of a generation and mischaracterize the group as such. Then you try to say, in spite of your generation having no issue with 'free lunch', that you aren't amongst them.

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Re: Threat of STR to mountain towns

snoloco
Back when you had to go through a rental agent, it was more difficult to make money off of these short term rentals because you had to pay the agent.  They also likely had standards for what condition the property needed to be in to be rentable and will be more cautious about who to rent to.  If a rental agent rents the house to a prom group that decides to have an out of control party and wrecks the house, the owner will likely put the blame on the rental agent.  While some STR hosts are careful about who to rent to, others just don't care if they have a party house.  Rental agents had to assume that everyone cared about who to rent to.  Now that one can just throw a listing on airbnb, it makes it so much easier to do, so there has been a huge increase in these short term rentals.  The town that I live in has also seen a huge increase in STR's and there have been complaints about people leaving food garbage outside after a party and it attracting bears.  Most of the hosts live in the city and bought second or 3rd houses up here for the sole purpose of renting them out.

Airbnb, VRBO, and similar sites were originally developed to allow people to monetize downtime on real estate.  Because it's so easy to use, you get these wealthy "brokers" buying up everything they can get their hands on and renting it out to make even more money.

I've lived in New York my entire life.
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Re: Threat of STR to mountain towns

raisingarizona
I see two sides to this, having an investment and renting it as an airbnb is a way a hard working local can make it in a growing mountain town.

Let the market dictate where this goes without more government regulations. If people want to be somewhere than let em live out of their vehicles or in two bedroom apartments with 4 roommates. If it gets too out of control then people will leave and ski areas and community members will be forced to fix the problem.

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Re: Threat of STR to mountain towns

Brownski
Yeah RA. I hear ya. That's kind of my default position too, on most things. Let people work crap out for themselves. But over the years we've put all kinds of burdens on the folks already in the business. We're not just talking about huge companies like Mariot or vail (who actually benefit the most from over-regulation in many ways) but also folks trying to operate actual BnBs, small real estate companies etc... there's a legitimate level playing field/ rule of law issue here in my opinion.

Regarding mountain town housing, of course the article chooses the most sympathetic figure possible as it's example, somebody with kids trying to build a middle class existence. Of course that guys gonna have a hard time. It's like whining that you can't live in Scarsdale or the Hamptons, right? Tough shit. The obvious answer is that he's gonna have to live further away. As we've mentioned, that's a problem that existed before AirBnB.

When it was me working at Alpine, I lived up in Truckee with five other people as you suggest people do now. Young people with no kids, married or not, can do whatever they want. If I could turn back time I would have stuck with my van full time or else packed in even more people into the rental.

There's this too...
http://www.coloradoan.com/story/news/local/colorado/2017/05/07/aspen-resort-acquires-more-tiny-homes-employees/312363001/
If resorts don't want to pay more, they're gonna need to do shit like this a lot more.

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Re: Threat of STR to mountain towns

PeeTex
Do you guys think that STR's should be taxed the same as Hotels or brokered STRs?

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Re: Threat of STR to mountain towns

snoloco
Yes

I've lived in New York my entire life.
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