Quote:
Originally Posted by kitnhead
Right. I’m trying to figure out what the problem is in the first place. How is renting an Air BnB different from a lifestyle visit? Let’s face it, only old people are interested in coming here to visit.
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¹Just like NYC (and many other cities around thé world), Florida relies on a tourist economy. It is the reason there is no state income tax. AirBNBs cost cities money and jeopardizes the taxes that need to be collected. A minority of people are lining their wallets at the expense of the majority. Not certain if Lifestyle Visit is different than an AirBNB. But, some people are using it as an excuse. "If so and so does it, then I can too!". 40,000 Air BNB rentals just went kaput in NYC. I expect the trend will follow throughout the world. With no warning, their means of making money is eliminated. It will be interesting to see if AIRBNB or Investment property owners fight this in court.