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Common Myths about Vacation Home Rentals - Affordable Housing

October 27, 2023 7:35 PM | Efrain Cortez

MYTH: STRs cause affordable housing problems.

REALITY: In PA, whole-home renter occupied homes make up about 14% of all housing units, and only a fraction of them are used as STRs. 30% of homes in the Pocono region are vacant. A majority of STRs are used by their owners for some of the year. In fact, renting to short-term guests helps make owning property in PA affordable by supplementing mortgages, and property taxes. With the recent surge in new residents, STRs provide those moving to the Poconos with housing while they transition.

Source: https://data.census.gov

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September 30, 2024 12:06 PM | Mark Shay

Affordable Housing Myths and Support Articles:
• New Report Shows Airbnb Generates No Meaningful Increase in Rent Across Canada (https://www.conferenceboard.ca/press/new-report-shows-airbnb-generates-no-meaningful-increase-in-rent-across-canada)
• Few short-term rentals could be viable, affordable homes for the average Mainer, report says (https://www.mainepublic.org/business-and-economy/2023-10-10/few-short-term-rentals-could-be-viable-affordable-homes-for-the-average-mainer-report-says)

•
Palm Springs home values in ‘free-fall’ after city cracks down on Airbnb (https://ktla.com/news/california/palm-springs-home-values-in-free-fall-after-city-cracks-down-on-airbnb/)

Link • Reply
- October 19, 2024 11:48 AM | Mark Shay
  
  Mapped: Home Price-to-Income Ratio of Large U.S. Cities
  https://www.visualcapitalist.com/mapped-home-price-to-income-ratio-of-large-u-s-cities/
  
  To address housing shortage, Oahu lawmakers consider ‘empty homes tax’ for vacant properties
  https://www.hawaiinewsnow.com/2024/10/16/address-housing-shortage-oahu-lawmakers-consider-empty-homes-tax-vacant-properties/
  
  Property rental supply soars - The Portugal Newshttps://www.theportugalnews.com/news/2024-10-15/property-rental-supply-soars/92838
  
  How Airbnb Could Help Curb the Rise in Housing Cos | Newswise
  https://www.newswise.com/articles/how-airbnb-could-help-curb-the-rise-in-housing-costs
  
  Link • Reply

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