Colorado Homeowners' Mass Exodus Sparks Fears of Housing Market Collapse

GiddyGap@lemm.ee to News@lemmy.world – 156 points –
Colorado homeowners' mass exodus sparks fears of housing market collapse
newsweek.com
46

You are viewing a single comment

"We cannot live with all these types of restrictions ... this will, in my humble opinion, kill the short-term rental economy in Colorado," said property management company owner Hillary Skye at this week's hearing.

She says that like it's a bad thing.

Honestly, fuck people like her.

Colorado house prices and rental costs are crazy expensive and have been for years. We need a crash in rental and property prices -- enough to get affordable for normal people again.

Importantly, the original intent* of AirBnB (renting your place while you're away or on vacation) won't be impacted unless you take more than 90 days of vacations in a year.

rented for more than 90 days a year on a short-term basis

Seems reasonable to me. Colorado defines a "short term basis rental" as 1 to 29 days.

So people renting extra rooms on a month to month (or longer) basis to help make ends meet won't be affected either.

* The original advertised intent before large corpos started buying up properties to list them on AirBnB

"I might be forced to sell off the 30,000 properties we own, at an affordable price, so families could live in them without financial struggle!

DO YOU REALIZE HOW MUCH THIS COULD HURT OUR BOTTOM LINE!?"