VT proposing restrictions on Short Term rentals

[kingslug]

And kill the market

 

[JimG.]

And kill the market

So just another reason for me to not buy in VT.

After a killer spring day at Gore yesterday I realize that owning a place near Lake George is most likely in my future now. The added plus is that NY does not tax social security income like VT does.

 

[AdironRider]

This allows the local authorities to know who is in the house at any particular time should issues arise.

This is America last I checked and this kind of bullshit doesn't fly here.

 

[2Planker]

So just another reason for me to not buy in VT.

After a killer spring day at Gore yesterday I realize that owning a place near Lake George is most likely in my future now. The added plus is that NY does not tax social security income like VT does.

$$$$$ Huge factor for us is Taxing Retirement income, so NH it is !

 

[JimG.]

$$$$$ Huge factor for us is Taxing Retirement income, so NH it is !

Your issue in NH will be property taxes.

 

[2Planker]

Your issue in NH will be property taxes.

Not really. We've had the house for 20 years and taxes are less than 1/2 what we pay in MA & RI.

 

[djd66]

It is complete BS that they are trying to get this legislation through. Seems completely illegal and unconstitutional to me. Ski areas would be completely screwed as there simply are not enough hotel beds to satisfy the demand.

 

[njdiver85]

Instead of the Vermont hotel owners pushing this stupid bill, perhaps they need to up their game. Just about all Vermont hotels are pretty bad - dated and run down, and that was the case before AirBnB became popular.

 

[abc]

It is complete BS that they are trying to get this legislation through. Seems completely illegal and unconstitutional to me. Ski areas would be completely screwed as there simply are not enough hotel beds to satisfy the demand.

I doubt the ski area would be affected all that much. People have been skiing in VT before AirBnB came along.

Whether VT residents wants to limit visitors to the state by limiting lodging capacity is a valid question for the "locals" to decide.

Probably quieter slopes if there're less lodging. There's always a silver lining.

 

[kingslug]

oh..things will be quieter all right...

 

[djd66]

I doubt the ski area would be affected all that much. People have been skiing in VT before AirBnB came along.

Whether VT residents wants to limit visitors to the state by limiting lodging capacity is a valid question for the "locals" to decide.

Probably quieter slopes if there're less lodging. There's always a silver lining.

Not true,... Before Air B&B/ VRBO people rented condos and houses - it was just more difficult to find the rentals. You had to either go through a real estate agent or through the mountain - but plenty of people rent their condos. If all those beds come off the market, it will be very difficult for a family to book a February vacation week. If I were a ski area owner - I would be concerned.

As far as the slopes being quieter, the selfish side of me would be very happy. I just question how they are going to pay for snow making if all of a sudden there is a significant drop in business.

 

[kingslug]

Just think of how many of these places are at Killington...thousands. It defines that place.

 

[kbroderick]

I doubt the ski area would be affected all that much. People have been skiing in VT before AirBnB came along.

Whether VT residents wants to limit visitors to the state by limiting lodging capacity is a valid question for the "locals" to decide.

Probably quieter slopes if there're less lodging. There's always a silver lining.

Doesn't the bill as written also affect condos, though? The text seems to include them in the "dwelling unit" definition, and not allowing condo (or other "dwelling unit") owners to offer them for short-term rental—whether via a mountain rental pool, AirBNB, Craigslist, or whatever other means—seems like it would put a significant crimp into available ski-area bed base (plus completely change the economics for folks who are using their condos a few weeks a year and renting them out the rest of the time).

I think that workforce housing in tourist towns is an old problem that has gotten worse with the increasing number of folks who can work remotely and shop online for all the stuff you can't get in small towns, but this bill is decidedly not the answer.

 

[kingslug]

Thats the problem..2nd homes that you rent out. For us its once in a while and only for 1 week or longer..so no party house. This bill would encompass everything..so you would have to either live there 270 days a year or run your place like a hotel...with all those guidelines and codes to deal with.
We changed our windows to make them code compliant..you can get out through them..cost a lot but they are better overall. Also put in new smoke/co sensors.
If you had to go full bore like a hotel..good luck..it may be possible but I doubt a lot of people would want to go that far.

 

[cdskier]

I doubt the ski area would be affected all that much. People have been skiing in VT before AirBnB came along.

Whether VT residents wants to limit visitors to the state by limiting lodging capacity is a valid question for the "locals" to decide.

Probably quieter slopes if there're less lodging. There's always a silver lining.

Not sure I understand exactly how the ski areas wouldn't be affected much, but at the same time the slopes would probably be quieter if there's less lodging. Less people on the slopes means less money for the ski areas. That's an impact. It is either no impact and slopes aren't quieter, or quieter slopes with an impact. You can't have both (unless ski areas raise prices to offset the loss of skier visits).

 

[kingslug]

Can't see how filling the hotels to capacity and having no other option will help..anything. Oh well I can't go to ....... no place to stay..

 

[kingslug]

After getting beat up by Covid..now they need this?

 

[abc]

After getting beat up by Covid..now they need this?

But perhaps Vermonters like what Covid shutdown brings them? Quieter slopes and few out of state visitors...

 

[cdskier]

Can't see how filling the hotels to capacity and having no other option will help..anything. Oh well I can't go to ....... no place to stay..

Don't forget, not every area around a ski resort is filled with hotels. The amount of "motel/lodge/inn" type beds in an area like the Mad River Valley is substantially less than an area like Killington or some of the Southern VT areas.

 

[abc]

Not sure I understand exactly how the ski areas wouldn't be affected much, but at the same time the slopes would probably be quieter if there's less lodging. Less people on the slopes means less money for the ski areas. That's an impact. It is either no impact and slopes aren't quieter, or quieter slopes with an impact. You can't have both (unless ski areas raise prices to offset the loss of skier visits).

There's a balance. Quieter slopes and a relatively mild effect to the profit. Maybe that's what the locals want.

With Epic and Ikon pass, it's not even clear all the crowd actually brings in the kind of money as before. I bet the $$/head drop at the mountain are lower as so many of them are skiing "free" on their pass.