Albuquerque city council votes down short-term rental regulations
Summary
Albuquerque's city council rejected a bill proposing a 100-foot buffer zone between new short-term rentals, aiming to address neighborhood impacts and housing affordability concerns. Despite an amendment reducing the proposed distance, the measure failed by a 5-4 vote, similar to failed attempts in previous years. Over half of the city's renters are cost-burdened.
Key Insights
- •Over half of Albuquerque’s renters are housing cost-burdened, paying more than 30 per cent of their income in rent.
- •The Albuquerque city council voted down a proposed short-term rental buffer zone by a 5–4 margin.
Action Items
- ✓Keep abreast of local regulations in your area as they evolve, and understand how they may affect your STR business.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to stay informed about local regulatory changes can lead to non-compliance, potential fines, and operational challenges.
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