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However allowing them to rent in this fashion is also transferring wealth from their neighbors to them, as the appeal of the residential neighborhood drives the
by ip26 7y ago
However allowing them to rent in this fashion is also transferring wealth from their neighbors to them, as the appeal of the residential neighborhood drives the rent rate while the neighboring residents bear many of the costs of the short term rental (loud parties etc)
- dcolkitt 7y agoIs there any real evidence that short-term rentals decrease the value of a neighborhood? On the flip-side, people on vacation tend to patronize restaurants, cafes, shops, museums, music venues, theaters, and sporting events at much higher rates than day-to-day residents. Even disregarding the economic benefits and jobs that creates, they're subsidizing a ton of cultural amenities for the local residents. It's pretty hard for me to believe that move visitors are a bad thing. I've certainly never heard of a city spending marketing dollars to get fewer tourists. ("Stay away from Nashville, it sucks here!")
- fxtentacle 7y agoLook at Venice. They try very hard to keep short-term visitors out because all the locals hate them. Also, look at New Zealand closing off what used to be public parks to limit the pollution and environmental damage caused by tourists.
- teruakohatu 7y agoIn New Zealand they are closing off certain forests to stop the spread of a fungus. Our government is considering charging for entry to enter national parks to reduce visitors, but there is a lot of local opposition to this.
- fxtentacle 7y agoI was referring to the Wanaka tree story https://m.dpreview.com/news/3305755990/tourists-are-destroying-new-zealand-s-iconic-lake-wanaka-tree-for-instagram-photos https://m.dpreview.com/news/3305755990/tourists-are-destroyi...
- ip26 7y agoName one town that has put the hotels & motels right smack in the middle of the residential areas, intermingled with homes.