It is all about tourists, be they being blocked by Spain or the USA. Yes the four Germans were tourists. All the hand-ringing in the European press has yet to explain why said visitors were detained. If all paperwork and activities are in order, the would be no detention. At least they were allow in once. Here Spain wants to say go away to tens or hundreds of thousands because they planned to use a short term rental service. Where has the USA told tourists not to come because we don't want your to occupy short term rentals.
No red hats here (actually have never been registered with any political party ever--to many generations of the family learned the hard way about being open with one's political allegiance before arriving here), but a belief in rule following when a tourist or guest and for the right for owners of property to short or long term rent them out or heaven forbid, live in them themselves while allowing them to be vacant between visits. Yes I travel out of this country.
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Investors are buying up properties in towns that attract tourists to rent them out to tourists. As a consequence, the locals that work there cannot afford the houses (mostly appartments). On top of this, the speculators buy mostly the cheaper properties and properties that, otherwise, would have been rented out at the lower end of the market.
Funny, that is always the argument. But show me where the short term rental market collapsed because there were no locals available to work and provide services to the visiting short term renters. The investors are not selling the properties in question, they are buying properties that the locals are choosing to sell. Likewise if the endeavor was not profitable for the short term rental owners, they would do something else with the property. Investors are people too, trying to make their own living, with property rather than a restaurant or as a coffee server or football player.
Visitors to Boston 2026 World Stamp Show could well save money with short term rental as compared to the hotel expenses. Food? You can still eat out in either accommodation, but of course you are free to prepare your own food at a much less expensive cost at your short term rental.
Tourism here and abroad drives economies, economies which would otherwise wither and die without the visitors' money.
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Yes I am familiar with the short term rental issues which arise. I laugh when it is said short term rental hurt the poor locals trying to stay in an area.
Stinson Beach, California, just 8 crowfly miles, but three times that distance by car, complained enough to the county (Marin) supervisors to get Short term rentals very very limited. Here is an overview of the small town:
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The average home value in Stinson Beach, CA is $3,243,790, according to Zillow. However, this figure can vary significantly based on factors like home size and location. For example, Trulia's data indicates that homes with 3 bedrooms have an average value of $3,666,686, while 2-bedroom homes average $2,556,301. Redfin reports a median list price of $2,700,000 for homes in Stinson Beach
Of course these
poor folks complained about being displaced. When $3,000,000.00 dollar homes are owned by poor people, how much money do investors need to run short term rentals? The demand for tourists in the area is due to the fact than within a 15 mile radius are dozens of local, county, state and national parks and recreation areas. Renowned coastal beauty, restaurants and wineries.
Sorry when more folks want to live/visit an area and that exceeds carrying capacity, costs rise to keep the number of folks in check.
Here the county stepped up and purchased property which was converted to long term low income senior housing. What is funny is the unraiseable rents some unchanged for 25 years is not covering the basic costs of upkeep. One of the original seniors to the project is just about 90 years old.
The county purchased another property, on the market for years, nearby and it is now back up for sale. After much publicity and fanfare about doing so, the county found out that the costs involved, especially the septic system were so costly to bring up to current code, that it was impossible to do so and have the property be rented as low-income housing. Nor is it now allowed to be purchased by an investor for short term rental due to the restrictions. Neither is it cost effective to buy and fix up for long term rental due to rent control. Not only is the county out of the money until it sells again it is out of the property tax revenue until it sells. At least the old owner paid the taxes. The county does not tax itself nor does the government seem to be able to get out of its own way.