Quote:
Originally Posted by BrianL99
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.
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Agree
Further, I don’t think it’s an attempt to eliminate STR rather a checks and balances initiative. Will be interesting to see how much revenue was actually lost and thus will be generated once enacted.