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Tricky. I live in a region that contains a lot of ski communities. AirBnB has trashed the rental market. I'm working on a deep-dive blog post on this, but basic
by vanilla_nut 4y ago
Tricky. I live in a region that contains a lot of ski communities. AirBnB has trashed the rental market. I'm working on a deep-dive blog post on this, but basically local blue collar workers are being squeezed out entirely by short term rentals.
I work remotely in tech, but I want to continue living here year-round, contributing to the community.
Short term rentals are simply too lucrative compared to owning and long term renting. Much of this is the government's fault -- the tax system has a lot of loopholes, like mortgage interest deductions, depreciation, business cost deductions, and untaxed fees that make short term renting even mire lucrative. I hope the government steps in soon to remedy this, but considering their response to the housing crises in the past I am not hopeful.