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Originally Posted by Randall55
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.
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1. How do AirBnBs cost cities money? Bringing tourists to town, making them happy with their accommodations, and leaving money in their pocket to spend on the local economy (the reason they came in the first place) hardly seems like costing the city money. If the state runs on tourist dollars then making it more difficult for the tourists to visit seems counterproductive.
2. In what way does allowing someone to stay in a home represent lining your pockets at the expense of others?
To me, rental properties seem to boost the local economy. Tourists come to town and spend money. If they stay in a home in the Villages then the local grocery stores, restaurants, and gas stations get some of their money. If some homes are purchased for rentals, taking them off the market, then more homes need to be built for those who want to live here thus increasing construction activities and associated jobs. Tourists bring money, that was one of your points, why is the money from the short term renter in Sumter county less desirable than the money from the Orlando hotel dweller?