Under Bry’s suggested regulations, homeowners would be allowed to rent out only their primary residences on a short-term basis but for no more than 90 days a year. By clamping down on such rentals, Bry says her proposal would effectively shut down the transformation of single-family homes by absentee investors into what she calls “full-time mini-hotels in residential zones.”The same issue is beginnning to affect Encinitas' coastal neighborhoods. So far, the city likes the hotel tax revenue and the neighbors aren't complaining too much. Of course, turning residences into vacation rentals exacerbates the housing shortage that everyone is so worked up about.
P.S. How about prohibiting vacation rentals in any new complexes built in the high-density zones being created in the new Housing Task Force plan? That would further the goal of creating real housing, without infringing on the property rights of existing residents and owners.
Gutters and sidewalks too?
ReplyDeleteThe city won't do a granny flat inventory and count them toward our affordable housing requirement, so how do vacation rentals exacerbate the housing shortage?
ReplyDeleteBy taking traditional lease rental properties that may house a local family off the market. Some landlords may make more money or have more flexibility by renting by the night on AirBnB.
DeleteYep, 300 plus listings on both VRBO and Air Bnb are all unavailable to renters.
DeleteThe function of commercial real estate is to generate profits for the landowner. The function of the landowner is to maintain his/her property in a safe working order to maximize their profits. In the future all properties will be rented on a day by day basis, if not by the hour....
DeleteUnless the people decide the profit motive is causing selfish decisions that harm the community.
DeleteIn that case, we demand that local elected officials crack down on TOT evasion, and pass new restrictions, regulations, and fees to restore alignment between the needs of the community and the incentives that drive landlord decisions.
10:01- lololollll lololollll lololollll. Thanks for the laugh. " We demand...", you are in no position to make any demands.
Delete@6:58, "Encinitas by the Hour" sounds like a very welcoming place for working class families, surfers, immigrants, watermen, yogis, artists, aging hippies and young folk. Please let us know who you are so that we can support your campaign for the future of this great town.
DeleteHard to recover fully loaded, new mortgage rates with these vacation rentals. Think about trying to absorb 5k a month. Don't be fooled. It can be done, but not at the levels that will be oversaturating the market place and ripping away affordable housing opportunities.
ReplyDeleteSan Diego has a considerable TOT base. Encinitas does not. It would be good for tourism to continue allowing vacation rentals here. If there are code violations, then that should be addressed separately.
There are over 300 units listed in Encinitas on AirBnB alone.
Delete300 out of 25,000 sounds serious.
DeleteTOT taxes, in Encinitas, are earmarked for BIG SAND lobbyists. We already have a program, funded and pushed through the Coastal Commission through pressuring by the Army Corps of Engineers, which will be forcing too much (more than enough) sand on our local beaches.
DeleteSeems we will need another public vote to change it so that TOT taxes are earmarked for more affordable housing, now, rather than more sand, as was previously approved by the voters.
The assumption that if these properties were not available on airbnb they'd be available for long term rentals is naive.
ReplyDelete