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This is true. But there are also people who buy up properties for AirBnB aren't trying to resource-allocate their own homes like Cloud/IAAS-style and try to use
by pknomad 4y ago
This is true. But there are also people who buy up properties for AirBnB aren't trying to resource-allocate their own homes like Cloud/IAAS-style and try to use it for purely 100% hotel-like purposes. In doing so they're raising up the home prices, cheating out businesses that pay taxes for being legally allow to hotel, and cause problems for other homes that don't want a hotel in their backyard.
- kelnos 4y ago> cheating out businesses that pay taxes for being legally allow to hotel I have zero sympathy for this part of your argument: hotel zoning is just a legally-allowed monopoly, with all the bad things that usually comes with. And do note that, in some jurisdictions, there are now taxes specifically covering short-term rental activities. No "cheating" going on there. And any municipality that hasn't enacted such a tax... well, that's their oversight, then.
- pknomad 4y agoYou can have zero empathy for my arguments... but one still should be following the law. I dislike how zoning happens in the US (NIMBYism, et al.) but I still follow them to the best of my ability. These AirBnB folks are outright disregarding them. We can disagree about laws but not following/enforcing laws because you disagree with them (for most part) is a recipe for disaster.
- awb 4y agoCities can solve this problem through zoning. Sedona does it well. Every HOA gets to decide if they are a tourist neighborhood or not. Short term rentals are either allowed or banned and you know that going in. There are many homes in tourist towns that are designed to be vacation homes. Sometimes they are 5+ bedrooms, or are located inside a resort area. Families don’t want to live in those homes and they’re not conducive to long term rentals either. Tourism zoning allows those homes to not sit empty and be taxed appropriately, while keeping short term rentals away from residential zoning areas likes parks, schools, etc. Instead you have cities passing dozens or hundreds of pages of regulations that makes no one happy. It’s led to lots of lawsuits, complicated enforcement and more bureaucracy. Simple is better. Another option is to allow anyone to rent, but cap it at 30-60 nights per year, or only during peak tourism months. It‘s enough income to supplement a homeowner’s mortgage, but not enough to make it a profitable investment opportunity.
- pknomad 4y agoI don't know enough about zoning laws to have a strong stance on this matter. It seems like to me that the people who purchase homes specifically to run an AirBnB business seems to espouse "f@#! you, I got mine" attitude which is super contagious and toxic.
- deleted 4y ago[deleted]