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[quote=Anonymous]I used to rent a Hamptons summer place for years at the beach way back pre-Airbnb and the internet.

Nearly all leases were Memorial Day to Labor Day and occasionally a monthly rental if owner wanted to use it part of summer.

Rentals were licensed and registered and paid a fee to town and town got copy of lease with renters names and home addresses.

In NYC it has always been rentals less than 30 days illegal without a hotel license. It is just being enforced now.

AIRBnB drove Hampton prices through the roof and drove rents sky high and created headaches for locals.

Rehoboth, Outerbanks, Ocean City, Jersey Shore should do the same ban rentals less than 30 days.

My one Hampton rental was owned by a NYC cop and nurse I rented two years and they let me keep keys off season. He even stopped by for a keg party. He mail is lease and I mail back personal check. It was $10,000 a summer rent and a five bedroom ranch and we had 10 shares. $1,000 each. With Airbnb a house like that can now get $1,000 a night! Which in turn sent prices through the roof. Destroyed neighborhoods. There is no Hamptons income tax on rentals so they get zero and most investors don’t live out there.

It also ruined it as a retirement location. Everything is priced for its Airbnb potential.

So yes the Boomers are pissed at the younger generations. You stole our retirement dream of going by beach and in turn we can’t leave out big houses to downsize so you screwed your self too. Congrats.

I will sit in my 7 bedroom house in retirement whine some Airbnbs my beach house. And Gen Z now can’t afford my house or a retirement house

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