Gilford to have meeting on Short Term Rentals Monday

[Descant]

Originally Posted by Woodsy

I don't think the State or City would really care if there was an abundance of affordable workforce housing... Unfortunately, there is a huge shortage of affordable housing and short term/airbnb/vrbo investors gobble up what little inventory is left thus driving the prices even higher. While it might be financially beneficial to an investor, the neighborhood pays the price.

Woodsy

I don't think this has anything to do with low cost workforce housing not being available. We're talking about short term vacation rentals--expensive shorefront where the owner wants to offset high taxes and get a little cash flow when he is not using the property. As a side effect, this may benefit workforce housing. Owners who can't get the high summer rents will rent September through May for cheap just to keep somebody in the house, heat on, no vandalism, snow cleared, etc.

[VitaBene]

Originally Posted by Descant

I don't think this has anything to do with low cost workforce housing not being available. We're talking about short term vacation rentals--expensive shorefront where the owner wants to offset high taxes and get a little cash flow when he is not using the property. As a side effect, this may benefit workforce housing. Owners who can't get the high summer rents will rent September through May for cheap just to keep somebody in the house, heat on, no vandalism, snow cleared, etc.

It does though. It is not just waterfront or even water access communities like Suissevale/ Balmoral etc. 5-10 years ago you may put a house in the rental program and done a winter rental. VRBO and Home Away have made it so easy to do short-term rentals, that most rentable houses are gobbled up by investors and rented out weekly.

My son is moving on Sunday , it took 6 months to find a decent place that was semi-reasonable. He is a manager at a parts store, he is local workforce. There is nothing out there.

[John Mercier]

Originally Posted by Descant

I don't think this has anything to do with low cost workforce housing not being available. We're talking about short term vacation rentals--expensive shorefront where the owner wants to offset high taxes and get a little cash flow when he is not using the property. As a side effect, this may benefit workforce housing. Owners who can't get the high summer rents will rent September through May for cheap just to keep somebody in the house, heat on, no vandalism, snow cleared, etc.

The businesses that want labor September to May want year round labor. The summer tourism businesses need labor from May to September. Lots of summer closed early or curtailed their hours, many of the year-round are running on overtime
employees to the point of near failure.