STRs can get 2 to 4 times or more the monthly rent of long-term rentals. These much higher returns mean STR investors will continue to displace local residents and increase housing prices until some kind of tipping point is reached. Legislators in other jurisdictions understand this and allow STRs only in primary residences. 

WE OPPOSE SHORT TERM RENTALS (STRs) That are INVESTOR OWNED, “second homes”, commercial hotels in residential areas with:

1. NO actual RESIDENT and NO neighbor – You need a resident to be residential!
2. NO LIMITS on OCCUPANCY – Cap max occupancy to proactively avoid issues.
3. NO MINIMUM STAY – “Rent by the hour” or constant turnover is perfectly legal for STRs in residential areas with long term residents and families. 
4. NO ON-SITE MANAGEMENT – Un-staffed Motels DO NOT BELONG IN OUR RESIDENTIAL NEIGHBORHOODS!

https://www.wired.com/story/airbnb-rentals-sedona-arizona/

Barcelona plans to enact a citywide ban on all short-term rentals to address complaints that tourism is to blame for a local housing crisis and soaring rents.

https://www.bloomberg.com/news/articles/2024-06-21/barcelona-plans-to-ban-all-short-term-rentals-for-tourists-from-2029
 

 The best evidence yet that banning Airbnbs will make rent go downhttps://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11
 

INDEPENDENT RESEARCH STUDIES & Related News

· Carnegie Mellon “Study Finds Airbnb Units Expand Market But Reduce Long-Term Rentals, Including Affordable Housing” https://www.cmu.edu/tepper/news/stories/2021/september/airbnb-market-expansion.html

· College of William & Mary, Purdue - "...after policy implementation, which shows that the decline in rents is more likely to be driven by reallocation of rental supply away from prohibited STR toward long-term rentals...."

https://webapps.krannert.purdue.edu/sites/Home/DirectoryApi/Files/3b19fe91-8ec2-46ff-90a5-66255b61d390/Download?_ga=2.238418120.951964904.1675199431-1570152881.1675197478

· “….This study confirms the hypothesis that STRs make it more expensive to own a property in a tourist paradise like Washington, DC…”

https://www.nlihc.org/sites/default/files/Examining_the_Impact_of_Short-Term_Rentals_on_Housing_Prices_in_Washington_DC_Implications_for_Housing_Policy_and_Equity.pdf

· “While individual hosts and guests may benefit economically, the local housing market experiences significant change in the form of fewer affordable housing options and erosion of neighborhood social capita…. prevent hotelization of residential areas…l.” https://static1.squarespace.com/static/5bc37b7c755be2603ca0b7b3/t/6210f61918f5b8329082b8f5/1645278746086/Community+Consequences+of+Airbnb.pdf

· “The results presented in this paper suggest that the increased ability to home-share has led to increases in both rental rates and house prices.” https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3006832

· “…..Note that Airbnb only mentions the mortgage costs and higher interest rates. It does not mention rising real estate prices. The company does not mention the higher rents for people who are not owners in these booming vacation rental markets. Also, the Airbnb article does not mention those new hosts that do not live in these houses but are investing in secondary homes….”

https://www.rentalscaleup.com/airbnb-impact-on-affordable-housing/

"... Short-term rentals, such as those listed on Airbnb and similar websites, keep units out of an already-depleted housing stock, ...." 

https://www.fau.edu/newsdesk/articles/hoa-rents

"....Are Short-term Vacation Rentals Contributing to the Housing Crisis?...."

https://granicus.com/blog/are-short-term-vacation-rentals-contributing-to-the-housing-crisis/

"....The short-term rental sector is just as affected. Research conduced by the Harvard Business Review across the US found that Airbnb is having a detrimental impact on housing stock as it encourages landlords to move their properties out from out of the long-term rental and for-sale markets and into the short-term rental market....."

 https://www.forbes.com/sites/garybarker/2020/02/21/the-airbnb-effect-on-housing-and-rent/?sh=27dcb3a72226