That's some 3,000 units removed from Steamboat Springs' housing supply as the town's median monthly rent for a two-bedroom apartment reached $3,100 in August, according to data from Zillow. "No one has found the perfect solution yet," said Margaret Bowes, executive director of the Colorado Association of Ski Towns, which tracks efforts to control short-term rental markets. They want to support the lodging industry that sustains their economies while limiting it enough to retain the workers that keep it running.
Zillow apartments for sale marlborough license#
However, in New Orleans a federal appeals court on Monday struck down an ordinance that had required residency to get a license for short-term rentals.īut smaller tourist destinations must strike a delicate balance. Larger cities, including Denver and Boston, have stricter regulations, like banning vacation rentals in homes that aren't also the owners' primary residences. If tourism dropped just 10%, local business in the town of some 13,390 residents would lose out on $25 million. Visitors booking on platforms like Airbnb spent an estimated $250 million in Steamboat Springs in 2021, according to a coalition analysis of local data. "The short-term rental industry brings people to town, funds the city, and you want to tax it out of existence?" Craigen said. Robin Craigen, coalition vice president and co-founder of a property management company, worries the tax will blunt any competitive edge Steamboat might have over other Rockies resorts. The proposed tax is strongly opposed by a coalition that includes businesses and property owners, the Steamboat Springs Community Preservation Alliance. Heather Sloop, a Steamboat Springs City Council member, poses for a portrait, on Aug. that they have to move" because they can't afford rent, said Heather Sloop, a council member who voted for the ordinance. "There is not a day goes by that I don't hear from someone. In June, the Steamboat Springs City Council passed a ban on new short-term rentals in most of town and a ballot measure to tax the industry at 9 per cent to fund affordable housing.
Zillow apartments for sale marlborough how to#
Local governments - from Lincoln County on Oregon's coast to Ketchum in Idaho's Smoky Mountains – are grappling with how to regulate the US$74 billion industry they say fuels their economies while exacerbating their housing crises. In six Rocky Mountains counties, including Steamboat Springs' Routt County, a wave of wealth flooded towns, with nearly two-thirds of 2020 home sales going to newcomers, most making over US$150,000 working outside the counties, according to a survey from the Colorado Association of Ski Towns. When the pandemic opened the floodgates for remote work, Airbnb listings outside of major metro areas rose by nearly 50 per cent between the second quarter of 20, the company said. Even property investment companies have sunk hundreds of millions of dollars into the industry, hoping to pull a larger yield from tourists seeking their own kitchen, some privacy and a break from cookie-cutter hotel rooms. Short-term rentals have become increasingly popular for second homeowners eager to offset the cost of their vacation homes and turn a profit while away. "It's basically like living in a stationary RV," said the 42-year-old McDonald, who lives with his wife in a just over 500-square-foot converted motel room for US$ 2,100 a month, the cheapest place they could find. Steamboat Springs is part of a wave of vacation towns across the country facing a housing crisis and grappling with how to regulate the industry they point to as a culprit: Short-term rentals such as those booked through Airbnb and Vrbo that have squeezed small towns' limited housing supply and sent rents skyrocketing for full-time residents. They cram into rooms, some with small refrigerators and 6-foot-wide kitchens, or even just microwave kitchenettes. Now residents like Marc McDonald, who keep the town humming by working service-level jobs, live in the converted motels. In the Colorado ski town of Steamboat Springs, motels line the freeway, once filled with tourists eager to pitch down the slopes or bathe in the local hot springs. Jon Peot and Matt Philippi navigating down a couloir in Crested Butte, Colorado.