3 ms·
Here in San Diego (a big tourist town), in recent years our hotel vacancy is rising, and rents are rising as well, as tourists flood into livable dwellings (Air
by rrrrrrrrrrrryan 5y ago
Here in San Diego (a big tourist town), in recent years our hotel vacancy is rising, and rents are rising as well, as tourists flood into livable dwellings (Airbnbs).
Further, hotel taxes used to fund a great deal of the city, but Airbnbs are not subject to the tax, so the city's finances are struggling as well.
Personally I'm fine with Airbnbs, and I often stay in them myself when I travel, but if you own more than one Airbnb, you should probably be taxed (and regulated) similar to a hotel owner.
- kelnos 5y ago> Further, hotel taxes used to fund a great deal of the city, but Airbnbs are not subject to the tax, so the city's finances are struggling as well. That's really San Diego's fault, though. Many cities and states have classified Airbnbs as hotels for taxation purposes, or created new (taxed) categories specifically for them. For example, Hawaii charges a "transient accommodations tax" of 10.5%, as well as a general excise tax of 4%, and counties can add more to that if they want.
- rrrrrrrrrrrryan 5y agoYes, exactly my point.