Nightly rentals are being curtailed in virtually all resort towns. Most are going to a model of limiting nightlys to 25% of housing.
Since the owners aren’t residents, they don’t vote. The residents - who have been crowded out from home ownership by nightly rentals - are voting for this.
It’s controversial from a property ownership standpoint, but understandable.
Just more evidence that no one in America actually ever owns property. It’s always government property.
Hmm...seems like unequal protection of the laws. How are the 25% chosen?
Most BnB homes are not insured correctly.
If they want to be hotels, there are rules and regulations that cover that. Tax rates too. What is going on is a result of people trying to exploit a loophole.
All fun and games until that loophole closes.
It’s not just crowding out the locals from home ownership. For the locals who already live there, having a short-term rental open in your neighborhood is a nightmare. LOTS of traffic, people coming and going at all hours, lots of partying, people who don’t respect the neighbors because they don’t live there, constant strangers in the neighborhood...it can be VERY unpleasant for the people who live there.