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0 pointsbobthepanda9y ago0 comments

Housing has the issue that someone who is there for a few days at most does not really have any incentive to care about their neighbors or the property they are staying in. Most people would not buy an apartment next to a hotel room.

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wvenable9y ago

My co-worker rents a condo on VRBO and the condo board is perfectly fine with the short-term renters as they have far more trouble with long-term renters.

The real issue is how much real estate isn't available for long term renters because short term rentals are so much more profitable and easy. It's killer on vacancy rates and drives up rents for everyone.

matthewowen9y ago

I'm sure the condo board is fine: short term renters are probably less demanding in terms of services provided by the condo board. I suspect the buildings fellow residents might differ: they're the ones that suffer quality of life issues from (eg) party rentals.

For reference, co-op boards tend to outright ban short term rentals.

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0 pointsbobthepanda9y ago0 comments

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wvenable9y ago

My co-worker rents a condo on VRBO and the condo board is perfectly fine with the short-term renters as they have far more trouble with long-term renters.

matthewowen9y ago

For reference, co-op boards tend to outright ban short term rentals.

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