Airbnb has descended on America's small cities. Now locals must decide how to contain it.
For some, the parallel phenomena make short-term rentals an obvious target, especially in cities that lured residents and real-estate investors over the past few years.There is no current data pointing to a direct connection between short-term-rental profits and housing costs, but Bozeman locals say they feel the pressure on the ground.For Bozeman Tenants United, it's simple math: Bozeman homes should be occupied by Bozeman residents first, before out-of-towners.
The union has proposed a ban on whole-home rentals, where an owner may occupy the home part of the year or not at all. Short-term-rental listings within a full-time owner-occupied home are not a concern for the union at this time. Finegan said that after discussions with Bozeman residents, it became clear some residents rent out a spare room to help cover housing costs. These arrangements, he said, hew closer to"how the idea of a bed-and-breakfast was initially imagined.
He recognizes the impact his business has on prospective homebuyers, but also on residents, especially young people, priced out of the rental market in the area."I feel for them," he said.. Rutkowski added,"They're at a huge disadvantage in life just by being born at the wrong time. It's terrible."The repercussions of an outright ban on short-term rentals are unclear, and a ban won't solve the city's housing issues overnight.
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