I grew up in this town, and it used to be vibrant and vital and full of young families. It has gotten older, as the younger generation has not been able to afford to take on the homes of their parents, as the job market is not strong.
I bought a waterfront three family house, a house that used to be one owner, and one or two tenants on the other floors.
I renovated the house, and furnished the other floors. It took me all summer, doing the work myself. I have been renting the other two floors out on airbnb and other sites. I love it.
I feel like I have reclaimed my house from other tenants. I own the whole house, yes I let in guests for a few days on the other floors, but they leave, and I can go back into the floors when they are not booked.
I can have a change of scenery, and I get income from this whole thing.
I love this. I don't want to rent to long term tenants. Its a house, but divided into apartments for each floor. I want to control it. I like taking guests but I dont want to sell a floor for a year.
It books well on these sites because its waterfront and in a tourist area. Its a lot of work. A lot of work. I have to scrub showers and toilets and make beds, and I only get a few hours in between guests many days. But the money is good and its a form of early retirment for me.
I don't see any externalities to the neighbors, in fact the neighbors are better off living next to a vacation rental than a multi family house.
In a multi family investment propery the incentives are all about putting in as little money as possible. In a vacation rental its all about making it look as nice as possible.
The extra margin of the vacation rental makes all the difference. Now I care about reviews, so now I want the outside to be professionally landscaped. Now I want the lawn to be perfectly manicured. I want the siding to be nice cedar shingles, I want it to look perfect.
Because people rate your house on the basis of whether or not its nicer than their house at home. If its nicer, they give you 5 star reviews and that helps your listing SEO, if its less nice than their house they give you 4 stars and that hurts your listing.
So if I lived in this neighborhood, I would want to live next to a vacation rental. It is a higher class of occupant. Instead of working class tenants that can afford 1000 a month, you get professionals that can put 1000 on a credit card 4 months ahead of time for their kids graduation weekend.
So its a form of gentrification. But its also a service to the community. In the spring, summer and fall months where demand is high I am doing short term vacation rentals. But in the winter months I am opening up a fully furnished place to people who may be between houses.
The working class renters have plenty of options in the less desirable, more inland parts of town. And those options will stay because the only reason I can get decent occupancy rates are because the house is waterfront and in a tourist area.
And at the end of the day this is my house! I want to be able to do what I want to do with it, and I like having short term guests. I like meeting all of these people. Its like international travel without having to go anywhere.
So I raise my middle finger to Cuomo and his lackeys, I support homeowners rights. The battle cry is My House! My House!
Punish people for bad behavior, not for uses you don't like. And maybe in a city where everyone is packed in like tuna in a can its impossible but one size fits all law is unjust.
There are plenty of communities in upstate new york where vacation rentals are completely appropriate. My cousin does cleaning and management for vacation rentals in upstate NY, and Cuomo just fucked her, a working class person running her own business in an economically depressed region.
So Fuck you Cuomo, fuck you.