In Times and Forbes: "We really need to think through our impact," conceding real estate investors and corporate "hosts" are out of control.
"We probably do see a lot of pressure around investors looking to invest in properties to make them short-term rentals." WatchHere
Locals can no longer afford housing. Workers are forced to move further and further away from their jobs, adding billions of hours to their collective daily commutes. Not only are renters paying unnecessarily-inflated rent prices, but would-be purchasers — individuals, couples, and families — are now competing in bidding wars against capital-armed investors.
Airbnb, Vrbo and other platforms are a well known cause of housing crises. Studies by the Wharton School, Economic Policy Institute, Harvard Business Review all agree:
In a truly civil society, human necessities like shelter wouldn’t be commodified, financialized, and sold like Apple iTunes songs or Uber rides. Scott Galloway, professor at NYU's Stern School of Business, defines the Menace Economy as “the pursuit of wealth at the expense of other human beings." That's what this is.
Short-term rentals are big business invading your neighborhood.
This quintessential New England town has 18 miles of coast, lots of beaches. Transient rentals are, like hotels, not allowed in residential zones.
This 15-beach community bans short-term home rentals without the owner present unless it's in a district zoned for business, never residential.
These diverse villages ban investor-owned transient rentals. Primary residences only, no rentals under two weeks, four unrelated adults max.
No offsite Airbnb "home" investors. Strict occupancy limits, and owners not physically present with "guests" must get a conditional use permit.
With 12 miles of white sand beaches, tough regulation was inevitable. Among other things, five communities voted to ban short-term rentals entirely.
These Florida barrier islands protect residential zones. Home rentals require a minimum month-long stay unless it's located in a tourist district.
Noting the "incompatibility" residential neighborhoods and short term rental commercial use, this Maine destination says rent your primary residence only.
Only owner-occupied STRs are legal with a maximum of 2 paying guests. Renting out entire homes or apartments for less than 30 days is illegal. Bye investors.
New York said "no," so investors invaded here for easy NYC access. Voters revolted. Now, rent the home you live in only, be present with guests.
Once a sure bet for real estate investors, operators are now only allowed to short-term rent their principal residences, where they actually live, and can prove it.
This tourist-dependent destination, from the French Quarter to the Garden District, bans investor-owned "homes." The Town Council vote: 7-0.
Airbnb HQ city forbids absentee investors. Rules: live in the home at least 275 nights a year, be present with renters, rent 90 days a year max.
If you live on site, you can short-term rent two rooms in your home rooms year round. If you don't? Airbnb the home 75 days a year only. So long investors!
In 2016, after a massive Airbnb mansion party with someone shot to death, the town passed an ordinance affirming residential zones don't allow STRs.
A simple ordinance that solves everything without a zoning battle: all short-term rentals must be owner occupied. The bylaw takes effect summer 2021
Absentee investor-owned short-term rentals are banned, you only share a home you actually live in. Airbnb sued, then dropped the case.
Through the organization AckNow, our island neighbor is, like us, working to stop the invasion of STR investors and preserve housing. Stay tuned.
This town sends cease and desist letters when they spot a home listed on Airbnb, Vrbo, or other platforms. Lodging doesn't conform to residential zone use.
Regulations include a mandatory sex offender registry check. Airbnb filed and settled a lawsuit, paid Miami's $380,000 in attorney fees.
No transient rentals in Big Sur & Pebble Beach, very limited in Carmel Valley. Enforcement scours sites like airbnb.com and others for violators.
In this iconic community, you rent your actual home only. Airbnb and Expedia sued. U.S. Court of Appeals just upheld the absentee investor ban.
So many beaches, experts just rank the 25 best. Hawaii has short-term rental zones, residential areas are protected. Maui is mulling a full ban.
No transient "home" rentals in residential zones. Airbnb is required to delete these listings, (which the $38 billion company says it's super hard to do).
Airbnb-type rentals allowed only in zones where hotels, motels, and bed and breakfasts are. After lawsuits and appeals, the rule was upheld.
An ordinance prohibits new STRs in residential zones. Existing permitted STRs were given a phase-out period, after which they must cease to operate.
The City Council said strict limitations preserve residential housing stock for, like, residents. Among other things, business entities can't run STRs.
Enjoy winter skiing, summer swimming, and golf, but not in a residential zone: short-term transient rentals are banned except for commercial areas.
The City Council voted to ban short term rentals in all residential zones except within Homeowners Associations that specifically approve them.
Councilmembers in this Coachella Valley destination passed a law to phase out short-term rentals in residential zones by the end of 2022. It was unanimous.
With 31 million visitors a year, Denver bans investor Airbnbs. Rental licenses are denied or revoked if it's found the activity hurts the neighborhood.
Seeing “hollowed out communities," London enforces a 90-day-per-year limit on Airbnb-type rentals. Absentee investor-owners are banned.
Rent your own home, but profiteers with multiple properties are banned. There are limits on the number of days a home can be rented to tourists.
Only the original Airbnb "homesharing" idea is allowed: rent a spare room in your primary residence, while you're there, 30 days max.
With tourists flooding neighborhoods, Madrid, Barcelona, and Valencia were uninhabitable. No investor-owners, rentals in commercial areas only.
After a national ban, Airbnb ran a $30 million marketing campaign and used relationships with real estate brokers and developers. Watch this space.
From Reykjavik, Iceland to Palm Beach, zoning officials, town councils, and citizen groups are pushing back to preserve quality of life. (Will we?)
If you can still find housing here, there's no street you can have a home where a real estate investor can't buy next door and operate a full-time Airbnb/Vrbo tourist lodging business. The chair of the Zoning & Regulatory committee that approved the policy admitted it on NewsRadio 95 WXTK.
In February 2020, the proposal was presented to the Town Council. A question was asked: "Do we know the effect it will have on the town in 1, 3, or 5 years?" The answer was "No." Fact is, the Town's zoning change allowing commercial lodging everywhere, next door to you, is a Pandora's Box.
These moms and pops, who often need the rental income, are used as "human shields" to distract from what short-term rentals are now: large scale conversion of homes into businesses by investors and corporations with 25+ listings. (We don't know anyone who objects to our traditional summer rentals.)
Get our 2 years of hard-earned Airbnb/Vrbo education in 20 minutes. We dug into Barnstable's short-term rental list, and made some interesting discoveries. Grab a cup of tea and watch, then email firstname.lastname@example.org