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Colorado Homeowners' Mass Exodus Sparks Fears of Housing Market Collapse
(www.newsweek.com)
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this post was submitted on 04 Nov 2023
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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.
It is to landleeches. To the common person it's a great thing.
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.
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!?"