Cap on Green Bay's short-term rentals would do little for affordable housing, commission says - Green Bay Press-Gazette
Summary
A commission in Green Bay, Wisconsin, stated that placing a cap on short-term rentals would not significantly improve affordable housing. Hosts should be aware of local regulations and how they impact the housing market.
Key Insights
- •A cap on short-term rentals would do little to improve affordable housing, according to a local commission.
Action Items
- ✓Hosts should stay informed on local regulations and how they affect the STR market.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to understand local market dynamics and regulatory impacts can lead to poor investment decisions.
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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