3,328 homes are now Airbnbs. According to the Phoenix Planning Dept, 62% are run by investors, including $1.1 billion Sonder, Inc and Stay Alfred, Inc. which operates in 32 "markets."
By AirDNA's count, 37% of single family homes are now short-term rental businesses. Of 6,500 housing units, only 29 are available for long-term rental. Families fled. Schools closed.
Overrun with STR businesses, this gorgeous community is paradise no more. Buzz from local Realtors is any home not in a Homeowners Association (HOA) that bans STRs will eventually be one.
AirDNA counts 1,388 short-term rentals. “We never anticipated that somebody would go into a neighborhood, purchase a home, and turn it into a mini-hotel,” said Rep. Bob Thorpe, R-Flagstaff,
This tiny town with just 1,389 households is filled with retirees: the median age is 66. While no one wants to live next to a revolving door party house, our older moms and dads deserve it least of all.
Letter from Phoenix AZ. See it here or at Patriot link belowDownload PDF