How Breckenridge reserved almost 75% of its full-time housing for workforce - High Country News
Summary
Breckenridge, Colorado, has designated nearly 75% of its housing for its workforce, impacting the short-term rental market. This initiative highlights the growing trend of cities prioritizing local housing over STRs to combat workforce shortages and housing affordability issues. Learn how this policy affects your STR investments.
Key Insights
- •Breckenridge has reserved almost 75% of its housing for the workforce.
Action Items
- ✓Research local regulations in your area to understand potential restrictions on short-term rentals and consider the impact on long-term rental demand.Effort: mediumImpact: high
Common Mistakes
- ⚠Failing to anticipate and adapt to local housing policies could negatively impact rental income and property values.
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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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