New Ski House for Rent

[Smellytele]

Yeah that was my edit after quick math.
.then again 10 or.so young workers in a place like that sounds realistic in my experience. Beats most employee housing

Right no parties in a house with 10 lifties living in it.

 

[2Planker]

Maybe JohnnyMod can remove this anyway....
Doesn't belong here

 

[snoseek]

Right no parties in a house with 10 lifties living in it.

Well it's time for op to get realistic anyhow

 

[cdskier]

According to the older posts on the Facebook page for this house, it was rented successfully by someone it looks like the past 2 years (granted I don't know if the price was the same those years or not).

 

[2planks2coasts]

There are some seasonals in the WV area for $4-5k / month for 3+ bedrooms. Nuts if you ask me, but nobody did.

 

[1dog]

It's not the concept or the "thing" in and of itself, it's the fact that the speedy proliferation of STR rentals in some areas is quite alarming.

ABNB and VRBO absolutely exploded the numbers of rental units in some places due to the ease of set-up, the greater ability to "pencil" these financially, and much easier/cheaper pathway to gaining clients. Those are typically the areas with the regulations and/or bans, but yes, the political cronyism on behalf of the lodging industry's campaign donation dollars is a real thing too.

Lastly, I hadn't mentioned this as it seemed extraneous to the conversation, but it also hurt home affordability in some areas simply due to the quick velocity of decrease in available SFH supply. It's not that there aren't enough homes in a given area, but that some areas have tons of SFHs which quite recently used to be family residences, but are currently now ABNB rentals. I believe this is something nobody's paying attention to right now, and I think you're going to eventually hear about it in 2024 or 2025, possibly even an election year issue as so many people, especially millennials feel locked-out of home ownership.

Nantucket banned all short term rentals for the island - 30 days or more, Newport has had this policy for quite some time. See any similarities? * well, except Newport doesn't have 'all beaches are clothes optional like 'Tucket.

Rest of Cape is becoming more free-market ( if I can even mention this curse word in the blue or bluest MA). ST Rentals are slowing, due to pricing. Have customers who. purchased places in all three areas that expected some rental income to help pay for the place(s). now, some are locked out.

2024 or 2025 will. have some reckoning. It's not if, it's when. Home ownership is the least affordable in US history for middle class. 8% isn't super high, but those prices from juicing the free printed money for 15 years is the culprit. somethings gotta break.

 

[BodeMiller1]

Lucky Bear, nice name.

The Pirate reference is of course a flashback to the guy who posted on AZ, an ad for a ski house which enjoyed Pirate Parties. He included pictures and the games were on. When there's an obvious place to post real property and the post ends up where the "eyes" are, it's a red flag.

Mad-hatter [sic] -OUT

Not the warmest reception, butt ....

 

[x10003q]

Eastern skiing is all about weekends and that is short term rentals. If you do want to rent for a week in the East, the standard offer is Sunday afternoon thru Friday morning so the unit can be rented during the weekend. Eliminating STR at Eastern resorts would eliminate much of the available weekend rental lodging.

It is easy to blame ABNB/VRBO for the lack of affordable housing at east coast ski areas, but there has always been a housing shortage for resort area workers.

For years, rental programs routinely took 30%-50% of the rental $$. Now, with internet driven rental programs, more of the rental income actually flows to the owner making STR more profitable. It is possible that there are more rentals available then before these services existed.

 

[jimmywilson69]

I think they were just trying put more eyes on their property. I personally would've never considered Air BnB for a seasonal rental. They also may be checking the temperature of the cost as well. Which has been poorly received.

 

[BodeMiller1]

Okay, so if you rent through AZ you get a discount of $5,000 for the 4 months as opposed to going through facebook.

Very nice Lucky Bear.

Very nice.

 

[BodeMiller1]

I think these bans are funny. short term rentals at the beach have always been a thing. Now that they've infiltrated other places (e.g. Ski towns, etc.) the NIMBYS are out in full effect. With the vocal majority probably being transplants themselves! How do you expect your tourist driven economy to work without a place for the tourists to stay...

I am for some sort of regulation and oversite but outright bans don't make sense.

I had the joy of being at a local municipal meeting in the Poconos and listening to all of these New Yorkers, probably working from home, bitching about short term rentals. The concept that they too were foreign to the community was totally lost on these clowns.

They do not have standing, all good points.

 

[Edd]

Eastern skiing is all about weekends and that is short term rentals. If you do want to rent for a week in the East, the standard offer is Sunday afternoon thru Friday morning so the unit can be rented during the weekend. Eliminating STR at Eastern resorts would eliminate much of the available weekend rental lodging.

It is easy to blame ABNB/VRBO for the lack of affordable housing at east coast ski areas, but there has always been a housing shortage for resort area workers.

For years, rental programs routinely took 30%-50% of the rental $$. Now, with internet driven rental programs, more of the rental income actually flows to the owner making STR more profitable. It is possible that there are more rentals available then before these services existed.

Indeed, I’d say that’s certain, and therefore less housing for workers. Yes, that’s always been something of an issue, particularly in a place like Aspen but there’s been countless articles in recent years of the problem being more acute. That’s certainly seems true in North Conway, for example.

 

[tumbler]

Less STR's means less crowding on the hill...fine by me!

 

[ss20]

It is easy to blame ABNB/VRBO for the lack of affordable housing at east coast ski areas, but there has always been a housing shortage for resort area workers.

For years, rental programs routinely took 30%-50% of the rental $$. Now, with internet driven rental programs, more of the rental income actually flows to the owner making STR more profitable. It is possible that there are more rentals available then before these services existed.

And that is where the issue lies. It became too easy and too profitable to turn a seasonal/LTR into a STR.

 

[cdskier]

And that is where the issue lies. It became too easy and too profitable to turn a seasonal/LTR into a STR.

To be fair, many of the fees charged/taken by real estate agencies in the old traditional rental method were ridiculous. But they were able to get away with it because the options were so limited and there was no competition. AirBnB and VRBO are huge wins as far as I'm concerned for both owners and renters.

I know people don't like to hear this...but it isn't a private property owner's responsibility to provide affordable housing to a community. Sorry. While I agree some regulations are needed regarding STR, outright bans are not the answer at all.

 

[4aprice]

A lot of towns (the smart ones) are banning ABNB units for anything less than 30 days. The bans started out at crony political protection of the hotel industry, but as ABNB exploded during COVID it really did become apparent these rentals were ruining the charm and character of some areas, not to mention any sense of community. And the parties are real! LOL. Not to mention it's not very safe for local residents to essentially have a pseudo-hotel with non-stop, rotating transients you know nothing about right next door to you.

The town in Utah I just moved to banned them other than LTR happily, but big cities like NYC just banned them too. So did Dallas a few weeks ago, Miami Beach is in the process, etc... Then you have other places like San Diego that didnt ban but are restricting the number of ABNB units. I think it's going to become a problem for ABNB given they're a publicly traded company.

So at our place in Colorado, the town of Granby was named Airbnb's top summer destination in Colorado. (near 3 lakes and the southwest entrance to RMNP) Must not be sitting that well with the town. From a news letter my property management company sends out, new STR rules;

1. limiting total guest count to 2 per room, plus 2 per property. So if you have a 3 bedroom that means you can have 8 guests total; regardless of how many bunk beds or pullout couches you may have.
2. All STR properties will require formal Fire inspection.
3. More details to follow as decisions become final. Grand County's STR page for reference.

Now they have taken further action, again from the property managements newsletter;

Last night, the Granby board passed Ordinance 990, which has approved an additional fee of $729 per room, per year for STR properties. This fee is specific to Granby and currently does not apply to other cities, but it's worth noting that similar regulations would likely be considered in other areas in the future.

It's essential to understand that this fee is a flat rate, irrespective of how many bookings a property receives, whether it's a full-time investment or only rented out partially. We anticipate that more details about the implementation and specifics of this fee will be provided in the next month's newsletter.

Currently our unit is rented under a LTR which does not seem to be affected. In the future, however, we will be looking into a Medium term rental (or what I would call seasonal rental ) for summers which we still want to spend on the east coast (At the Lake) so we will have to keep our eye on it.

 

[x10003q]

Indeed, I’d say that’s certain, and therefore less housing for workers. Yes, that’s always been something of an issue, particularly in a place like Aspen but there’s been countless articles in recent years of the problem being more acute. That’s certainly seems true in North Conway, for example.

I agree that there is less housing for workers, but employee housing has been a problem for decades. The shitty basement unit in an A-frame that my ski bum buddies rented in the 1980s has probably been turned into STRs.

But can you really blame a unit owner for trying to max out income? It is the owner who has to pay when the pipes freeze, the heat goes up, the roof leaks, VT determines your property taxes should be much higher or any other of the multitude of problems that crop up. The reality is many of the owners have a single unit and use the extra STR income to support having a place to ski. Weekend rentals have always been the bulk of rentals in the East. How can a single owner be responsible for fixing an employee housing problem that has existed since the resort existed?

 

[BodeMiller1]

To be fair, many of the fees charged/taken by real estate agencies in the old traditional rental method were ridiculous. But they were able to get away with it because the options were so limited and there was no competition. AirBnB and VRBO are huge wins as far as I'm concerned for both owners and renters.

I know people don't like to hear this...but it isn't a private property owner's responsibility to provide affordable housing to a community. Sorry. While I agree some regulations are needed regarding STR, outright bans are not the answer at all.

Ever try and rent / buy a condo at Sunday River?

Time share type stuff, not good. Both high pressure, high fees, too much friggin paperwork.

Not sure who owns this rental property, but it's the cat's meow. If you've never "flipped" through the pictures... The local artwork and a stoner tower.

Sea Esta and Ski Esta Luxury Vacation Homes

 

[Edd]

I agree that there is less housing for workers, but employee housing has been a problem for decades. The shitty basement unit in an A-frame that my ski bum buddies rented in the 1980s has probably been turned into STRs.

But can you really blame a unit owner for trying to max out income? It is the owner who has to pay when the pipes freeze, the heat goes up, the roof leaks, VT determines your property taxes should be much higher or any other of the multitude of problems that crop up. The reality is many of the owners have a single unit and use the extra STR income to support having a place to ski. Weekend rentals have always been the bulk of rentals in the East. How can a single owner be responsible for fixing an employee housing problem that has existed since the resort existed?

I think we’re saying the same thing, but to say that the problem is much worse now would be accurate. And, for young locals, that really sucks.

As far as a “single home owner” fixing the problem, only one of them can’t. What the true solution is, I can’t say, but I’m curious if the trend of banning STRs will help as time goes by. I say that as someone who uses them every year and not just for skiing.

 

[2planks2coasts]

To be fair, many of the fees charged/taken by real estate agencies in the old traditional rental method were ridiculous. But they were able to get away with it because the options were so limited and there was no competition. AirBnB and VRBO are huge wins as far as I'm concerned for both owners and renters.

I know people don't like to hear this...but it isn't a private property owner's responsibility to provide affordable housing to a community. Sorry. While I agree some regulations are needed regarding STR, outright bans are not the answer at all.

If that private property owner wants the community to have police, fire, health care, teachers and maybe even people to run the lifts and flip the burgers in the lodge, it absolutely is their shared responsibility. STR's destroy communities, period. The more they are regulated, the better. Ideally right out of existence.