“AirDNA found that from February 2017 to January 2023, Airbnb & Vrbo listings in Phoenix more than quadrupled, growing from 5,000 to 21,000.” 😳
#HomesNotHotels #CommunityNotCommodity
#HomesNotHotels #CommunityNotCommodity
https://twitter.com/ins_realestate/status/1624152994378833925
Arizona’s misguided 2016 state level STR preemption law that striped cities of the power to limit the # of short term rentals set the stage for this wild speculation & over saturation of the STR market by investors looking for easy money.
The STR industry is currently lobbying the #TXLege for a similar law here, so if you want to avoid this outcome in TX, please email/call your state senator & rep & ask them not to support any bill that would strip cities of the power to zone & regulate STRs. #DontArizonaMyTexas
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