 Restricting AirBnB, = (by Ray-N-Pa [PA]) Nov 30, 2023 10:41 PM
 Restricting AirBnB, = (by Robert,OntarioCanada [ON]) Dec 1, 2023 4:18 PM
Restricting AirBnB, = (by MikeA [TX]) Dec 1, 2023 4:31 PM
Restricting AirBnB, = (by Ray-N-Pa [PA]) Posted on: Nov 30, 2023 10:41 PM
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WMH asked if rents were going down in other areas. I had to ponder that a little bit. I could see in area if AirBnB was restricted where many of these former AirBnB would shift over to a Long term rentals. But looking at the features and locations that these places have, these are not your typical run of the mill rental in a class C neighborhoods. The ones I see that are not class A's are only because of their age. Most of these are at least strong B+s with all the upper end goodies in them. Not to mention the outstanding locations that these places command.
I could see where on the surface that additional rentals added to market would tend to drive down rental averages. I am not so sure though of that if lots of these upper end units suddenly get dumped on the market place about the same time. I could see where median rents might stay about the same, but average rents would actually go up as the quality of the units offered would get a shot in the arm.
I'll be addressing my local city mayor and the board as they are looking at adopting some other progressive ideas. I want to make sure though I understand what the desired result is beyond additional revenue
--24.101.xxx.xxx |
Restricting AirBnB, = (by Robert,OntarioCanada [ON]) Posted on: Dec 1, 2023 4:18 PM
Message:
The problem with government intervention that makes matters worse for tenants as the rental market goes down. In the province of Ontario it take six months or more to evict a tenant for non payment along with other issues. A rent control system where operating costs go up more then allowed rent increases. Forty years they gave incentives along tax write offs to build rental housing where when that stopped builders not worthwhile to build where only built condominiums along cost of building a condominium are lower as building codes are less stringent. Rent control was brought in where there was exponential drop in new purpose built rental construction. Land is running out in the GTA where now building higher density housing is the only option. Some people who have condominiums need to operate a AirBnB to live where banning AirBnB is not answer to get more rental housing. The leftists fail to look at the big picture where rental housing providers support local economies where goods and services are bought in local communities. Socialism does work here where Socialism has never worked anywhere in the world. They say housing is a right where governments provincial, federal and municipal need to encourage more purpose built rental housing not vilify those in the rental housing industry. --207.236.xxx.xxx |
Restricting AirBnB, = (by MikeA [TX]) Posted on: Dec 1, 2023 4:31 PM
Message:
I just read where LA passed some draconian laws on the hotel and short-term rental business. You now have to get a permit from the police to operate your STR. The author mentioned that hotels have been required to do this for a while and there is high cost and extensive months long delays in doing so. Also, developers of hotels are now required to replace the same number of residential units they tear down to build a hotel.
In short, this was the answer to party houses and some hotels that have been turned into migrant housing where excessive police presence is required. Oh, and putting some of the burden of scarce housing by tagging it onto developers projects. If this is recreated in other left leaning locations, I could see a decline in short term leasing causing them to be sold or retreaded as long-term housing. I'm not sure it will make more than a drop of water dent in an ocean of rentals though. It certainly will make hotel rooms more expensive and ultimately price out some tourists and business travel to these areas though. --209.205.xxx.xx |
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