Submitted by Commercial_Case_7475 t3_10w7t26 in vermont
Twombls t1_j7mavi2 wrote
Reply to comment by r20 in We Need to Do Something About STRs by Commercial_Case_7475
Burlington banned them effectively.
Just prohibit a non homestead from being a rental unless you have a hotel license in commercially zoned property. If you have an accessory building or at least two low income units within a building you can apply to have one unit get a b&b license
thisoneisnotasbad t1_j7mieh5 wrote
How many long term rentals did that net Burlington? I saw that law and thought it was a bad idea so I already have an opinion but do you know if there is data out there on its impact? I always prefer data over anecdote or opinion.
I’m trying to find data but can’t. I did find this though.
> He commented on the statistic given to council by city data that short-term rentals made up 1% of rentals in Burlington.
Twombls t1_j7mm5vy wrote
When housing availability is .06% 1% is a lot
thisoneisnotasbad t1_j7mziw5 wrote
That is assuming they were all converted to Long term rentals which is why I asked if there was any actual data that was not conjecture. Sounds like a no.
d-cent t1_j7pln0f wrote
I mean, it's been less than a year. There won't be any data yet. We just have subjective analysis for now. It certainly seems like there is more supply right now. It's still expensive but you don't have to spend a year just to get an expensive unit. It's going in the right direction. It's still too early to tell
Loudergood t1_j7rlz11 wrote
What else are they going to do? Sell.
thisoneisnotasbad t1_j7rn4wm wrote
Not rent. Let it sit vacant. Ignore the law and see if BTV has an teeth. Lots of other options.
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