Ban Short-Term Rentals in Residential Neighborhoods
From "Share Your Policy Ideas"
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Absentee landlords and short-term rental companies like Air BNB and Verbo are teaming up to destroy too many of our residential neighborhoods by turning what should be homes for families into fly-by-night hotels and party places. Absentee landlords often think they can make a quick buck by turning their residential properties into short-term rentals. The problem is that one's residential street soon becomes infested with these mini-hotels. This has several negative effects on a residential street. 1. Instead of families moving in and solidifying your neighborhood, you have random strangers staying next door, often partying till the wee hours (especially if the short-term rental has a hot tub). 2. Short-term rentals destroy property values. No one wants to move in next door to a 24-hour party place. 3. Short-term rentals breed more short-term rentals, until your residential street is suddenly a commercial street.
Short-term rentals are inimical to residents' quality of life. If Hilton cannot build a hotel in the middle of your block, Air BNB should not be able to turn the three-bedroom house next door into a hotel.
