Post by Admin on Oct 7, 2016 9:44:43 GMT -7
Short-term rentals
How Short-Term-Rentals Impact Your Neighborhood
How Short-Term-Rentals Impact Your Neighborhood
Travelers who use short-term residential rentals as an alternative to traditional hotels enjoy cost savings and "living like a local." Property owners enjoy extra income generated by renting out a spare bedroom they’re not using anyway.
But in some communities, short-term rentals are making housing less affordable for the folks who live locally — especially in regions where homes for rent or purchase by actual long-term residents are already in short supply.
As a result, short-term rentals have become a political hot potato in communities across the nation. Many fear that individual homeowner rights will be lost in the effort to prevent investors from buying up homes in an already tight market.
So how will this issue resolve? Check out this quick video to see how some communities are addressing this issue.
But in some communities, short-term rentals are making housing less affordable for the folks who live locally — especially in regions where homes for rent or purchase by actual long-term residents are already in short supply.
As a result, short-term rentals have become a political hot potato in communities across the nation. Many fear that individual homeowner rights will be lost in the effort to prevent investors from buying up homes in an already tight market.
So how will this issue resolve? Check out this quick video to see how some communities are addressing this issue.