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"We cannot live with all these types of restrictions ... this will, in my humble opinion, kill the short-term rental economy in Colorado," said property management company owner Hillary Skye at this week's hearing.
She says that like it's a bad thing.
Honestly, fuck people like her.
Colorado house prices and rental costs are crazy expensive and have been for years. We need a crash in rental and property prices -- enough to get affordable for normal people again.
It is to landleeches. To the common person it's a great thing.
Importantly, the original intent* of AirBnB (renting your place while you're away or on vacation) won't be impacted unless you take more than 90 days of vacations in a year.
rented for more than 90 days a year on a short-term basis
Seems reasonable to me. Colorado defines a "short term basis rental" as 1 to 29 days.
So people renting extra rooms on a month to month (or longer) basis to help make ends meet won't be affected either.
* The original advertised intent before large corpos started buying up properties to list them on AirBnB
"I might be forced to sell off the 30,000 properties we own, at an affordable price, so families could live in them without financial struggle!
DO YOU REALIZE HOW MUCH THIS COULD HURT OUR BOTTOM LINE!?"
Who is afraid of the housing market collapsing? Rich people? Fuck you, get eaten. Please for the love of God let houses become affordable again.
Yeah for real I’m so fucking excited.
It's not a housing collapse beacuse AirBNB units aren't "housing", they're rentals.
Collapsing the short term rental market means more homes available for long term rental or for purchase which means an EXPANDED housing market.
Does a "housing collapse" only refer to supply? If supply increases and and prices plummet what do you call it?
A buyers market
I remember those!!
They keep calling them "homeowners". These are not "homeowners", these are "landowners" or "landlords". A homeowner is someone whose property is their primary residence. Homeowners are not having their taxes increased, just landlords.
Rental companies are buying up all the housing in Colorado. There will be no collapse.
I bought a house in the Denver metro area in 2015. I just sold it this past summer for more than twice what I originally bought it for. There's asset appreciation and then there's whatever the hell you call that.
I would not have been able to afford a house at current prices and I make considerably more than minimum wage. I don't know how people are doing it.
We're not.
I used to live on a farm where my boss owned a tow-truck business. The pandemic hit us hard and I couldn't afford the rent, so I had to sell my truck and move into a bachelor in the city. Six months ago I had to downsize again to a bedroom in a rooming house.
Next move is the streets.
I'm sorry to hear that. I hope things get better for you so that doesn't happen.
I don't think they're doing it at all. I don't even see how anyone affords rent.
Everyone I know with a house got it 10-20 years ago when shit was actually affordable.
People seem to have forgotten that housing as generational wealth is meant to appreciate to a profit scale over generational spans of time.
Traditionally housing on average has appreciated about the pace of inflation. Along with supply and demand on a local level for places growing or declining.
That's great news, tax them.
I love this. So excited for this to become a thing everywhere. Pay to play, multiple property owners. Pay to play.
Bills like this are sponsored by the hotel industry. Sucks that rents and property taxes are out of reach for most Americans. https://www.nytimes.com/2017/04/16/technology/inside-the-hotel-industrys-plan-to-combat-airbnb.html
This seems like a great idea.
Inelastic demand and capitalism. Made for each other. Not.