Quote:
Originally Posted by shaw8700@outlook.com
I’ve got no problem with local jurisdictions collecting taxes. Actually, I would have thought they already did. But I do have a problem with cracking down on STR’s. It’s been shown in areas that have put rules in place, like saying that you can only do monthly rentals, that it drags down valuations of houses.
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Perhaps your viewpoint is backwards?
Folks buy homes in Residential zoning districts, they have a reasonable right to assume that the home next door to them, won't become a hotel.
In most cases, a "hotel" is worth more than a "home".
If STR's are eliminated in areas where the didn't belong in the first place, status quo continues, albeit rolled back to where everything should have been in the first place.
Of course, some folks are all about how much money they can make and don't have any qualms about destabilizing the neighborhoods where they buy homes.