Reply to ANCs: Push back on McDuffie's short term rental bill

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Reply to "ANCs: Push back on McDuffie's short term rental bill"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This activity should be restricted by most people's mortgage covenants if they have mortgages underwritten/guaranteed by FHFA, i.e. "conventional" or "conforming" mortgages.

Probably a better tact for DC government to follow would be to require mortgage owners and/or services to enforce these covenants with some penalty.[/quote]

DC government doesn't need to get involved.  It's a solution looking for a problem that just happens to enrich the big business hotel corporations and the interests of the 1%. [/quote] The problem is real. People buying up rental accommodation and turning it into short term rentals, drives up rents and erodes the residential character of neighborhoods. Renting out your spare room or a basement unit is no problem. Regulation is needed so that the former is stopped while providing a clear and simple process for licensing the latter.[/quote]

Clear and simple is never what happens with DC government.  This process favors the privileged.  The city just wants more money and the politicians are responding to donor class.

[b]If the city really cared about affordable housing, they would build some.
[/b]
They don't need to make people trying to stay in DC pay more and go through more hurdles just to rent a room in their house.[/quote]

The city has been on a building spree wherever it can. Plus, the city gets much better results by giving developers zoning variances and having them build low income units inside mixed income properties. Low income children have much better outcomes in that environment.[/quote]

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