Short-term rentals: Revisiting a contentious issue

Full story: The Santa Fe New Mexican

More than a year after the Santa Fe City Council passed an ordinance regulating the capital's short-term rental industry, nobody seems happy with it.
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21 - 28 of 28 Comments Last updated Dec 8, 2011
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Hey

Albuquerque, NM

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#21
Jun 11, 2009
 

Judged:

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George Johnson wrote:
I've posted a map at The Santa Fe Review, http://santafereview.com , showing where all the rentals -- the registered ones -- are located.
Geat website!
Agree

Santa Fe, NM

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#22
Jun 11, 2009
 
Hey wrote:
<quoted text>Geat website!
he does a better job of digging into local affairs in his spare time than the staffs of our two dailies.
welovevisitorsto SF

Los Alamos, NM

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#23
Jun 11, 2009
 
One of the reason there is such a glut on the housing market in Santa Fe has to do with the fact that the city past the short term rental ordanance law shortly before the housing market crashed through out the US. The restrictive law caused many home owners as well as permanant resident who depended on the income of a small guest house short term rental to sell their first or second homes here. As a direct result other home owners including permenant full time residants of Santa Fe have beared the blunt of this glut on the market and have been unable to sell their homes at a reasonable price. The short term rental laws would never have passed if the city knew the housing market as well as the rest of our econemy was about to take the serios down turn it has taken causing many permant residents of Santa Fe who are experiencing financial hardship to be unable to sell their homes and left unable to afford their morgages. Santa Fes econemy is depentant on our wonderful visitors. The city and its residents have lost a tremendouse amount of revenue as a direct result of this restrictive law. I trust the city will understand the need to reverce these regulations and welcome our visitors into our neighborhoods. After all Santa Fe visitors are not exactly the routy spring break kids that the florida keys gets.Our visitors suport all of us who live and work here.
This seems to

United States

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#24
Jun 12, 2009
 
welovevisitorstoSF wrote:
One of the reason there is such a glut on the housing market in Santa Fe has to do with the fact that the city past the short term rental ordanance law shortly before the housing market crashed through out the US. The restrictive law caused many home owners as well as permanant resident who depended on the income of a small guest house short term rental to sell their first or second homes here. As a direct result other home owners including permenant full time residants of Santa Fe have beared the blunt of this glut on the market and have been unable to sell their homes at a reasonable price. The short term rental laws would never have passed if the city knew the housing market as well as the rest of our econemy was about to take the serios down turn it has taken causing many permant residents of Santa Fe who are experiencing financial hardship to be unable to sell their homes and left unable to afford their morgages. Santa Fes econemy is depentant on our wonderful visitors. The city and its residents have lost a tremendouse amount of revenue as a direct result of this restrictive law. I trust the city will understand the need to reverce these regulations and welcome our visitors into our neighborhoods. After all Santa Fe visitors are not exactly the routy spring break kids that the florida keys gets.Our visitors suport all of us who live and work here.
oversimplify the problem. To assert we have a housing glut becasue no one can rent their homes while not residing in them is too simplistic. If they unable to satisfy the mortgage, why make the purchase in the first place? Who would any fool buy a house, then rely on rental income to satisfy the payment? If so, not my problem. Let the bank foreclose property if that's an issue. That whole ordinance started cuz high tenant turnover disrupted neighborhoods, or at least that's what they claim.
kwijibo

AOL

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#25
Jun 12, 2009
 
People should have property rights--and should be allowed to find ways to hang on to their property. If short term tenants, long term tenants, or owners are causing problems, attack those problems. If they are just living, vacationing, what have you, what problem are they really? People shouldn't have to register with the city, and I won't rat on my neighbors. There are enough rules, laws and taxes.
Levi

Albuquerque, NM

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#26
Jun 12, 2009
 
If you're my neighbor and you rent your property on a short term basis, I say good for you. If you get a bad tenant, I'll call you and complaint about it. Otherwise, it's all good in the hood. Complaining to the city or the police should be your last resort, not your first.
There are some nice

Aurora, CO

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#27
Oct 18, 2009
 
Homes that have been on the market in Santa Fe fror 2-3 years. This is about the time that the short term rental restrictions came into play. Anyone showing an interest in buying one of these homes would have to be advised of the new rules, passed by the wonderful city council,restricting the use of one's home for short term rental. Many people live in these homes part time and rent them out when they are not in town. Once a real estate agent discloses that to rent your property short term has gotten expensive and complicated, the buyer will not be interested. This has really hurt the $500K and below market in Santa Fe.
TrentPowell

Gilbert, AZ

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#28
Dec 8, 2011
 
I am also sick of VRBO and Homeaway but I am trying to do something about it. With your feedback I hope to make a website. I just posted my first blog on a new website following this journey. Its titled, "CAN I TAKE VACATION RENTAL OWNER FEEDBACK, USE PAT FLYNNís TIPS AND TURN IT INTO THE ULTIMATE VACATION RENTALS WEBSITE?"

Follow my adventure and post feedback at www.VacationWebsiteReviews.com . I need all the feedback I can get.

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