I was on my own to find a place to stay, but it was Vegas, so that was trivial.
I was in the south of France during peak vacation season. Every hotel in this small town was booked. With a toddler who was visibly worried and extremely tired. To put it conservatively, it was a fucking nightmare.
is this really a good thing? once you start banning rentals in the 1-6 month range, you are no longer just targeting tourists. you're also hurting folks without stable jobs who can't commit to a typical lease length.
first of all, this is pretty uncommon outside of relatively high-paying professional gigs. the average person's idea of a "decent job" is probably quite different from mine or yours. also not all leases have a buy-out clause. you might be on the hook for the entire remaining term of the lease, which, on the margin, can change a new employer's willingness to pay. I actually just had this situation with my previous roommate. we had just signed a new one-year lease when he got an offer. they almost declined to pay out his share of 11 months' rent when they learned there was no buyout clause. this was a tech company hiring him as an SWE.
I don't know what share of short-term renters are doing it out of necessity, but I do have several friends that are in this position. I'll use one of them as an example. he dropped out of school with about a year's worth of credits left, so most white-collar positions are not on the table for him. he currently works in a restaurant, but he has a worsening health condition that makes this a short term option at best. he's trying to get into a trade that would be at least a little better for his health, but not having a lot of luck at the moment. basically he needs to be ready to get up and go at a moments notice to anywhere he can find better work.
My area may be an outlier, it is covid time afterall. But 40% is not an outlier, especially when it has an option in a drop-down menu.
I'm active on the board and didn't want to get into the fight over Airbnb. But once we saw how much we were paying in additional security, insurance claims, and police and fire calls enough was enough. We've had robberies, suicides, and overdoses. I've got a great flat, it's downtown, looks out onto the bay and South beach. I'd love to put it on Airbnb, from time to time. I also know the juice simply is not worth the squeeze. You only need to get 1 bad visitor who trashes your place or gets into a fight with the neighbors.
But I fight tooth and nail against new bylaws. We have a good board. Most of the resident owners are young professionals, we make it known we'd rather not have an HOA so the HOA tries not to be visible.
Just within the last few days one of the more popular buildings in our neighborhood had a shooting. The owners and tenants are absolutely pissed. Because at $3000+/month this is not how they wanted to live. That building management company was fired and a new one brought in. With armed security now.
The straw for me was the variability of the owners. If I get a substandard hotel room I call the desk and get moved to another suite. If I have a substandard Airbnb I only get a refund. I'm still left scrambling to find new, last minute accommodations.