4 ms·
I realize that I'm about to mention a couple of niche cases, but there are times when short-term rentals are entirely appropriate and don't really affect the lo
by devilbunny 4y ago
I realize that I'm about to mention a couple of niche cases, but there are times when short-term rentals are entirely appropriate and don't really affect the local market much. We should be careful how the laws are written.
One classic example is the case of a very popular event happening in a small market that is otherwise unremarkable. Say, the Masters golf tournament: for about two weeks a year, Augusta, GA, is full of non-locals. Many residents will take vacation during this time and rent their home out to golf fans from around the world. Very few people want to rent a home in Augusta any other time of year. (It's also small enough that you're not required to fill out any additional tax forms, just report the income.)
Another is the case of a home that, for whatever reason, will not sell in the current market but would reasonably be expected to in relatively short order. A brief, 3- to 6-month rental for, e.g., a family that is constructing a new home that is not yet ready but who have sold their existing home and need somewhere to live is an excellent use.
Like I said, somewhat niche uses, but it's worth keeping in mind that there can be legitimate, minimally-distorting uses.