With so much misinformation floating around the internet, I’m doing a series of “mythbuster” posts to clear up some confusion! Starting with this big one: that the number of vacation rental units has increased by 75% in 5 years.
In reality, yes, the number of *licenses* has grown by that much, but a large amount of this increase is due to the change of accounting for properties like Mountainside Inn and Ice House (that went from 1 license per property to 1 license per unit - all of which were already short-term rented). 10 to 20 licenses are also overcounted each year when a unit with an existing license sells and the buyer applies for a new license, counting that unit as double. In reality, STR *units* have increased by 27% since 2016. We still recognize this as significant growth that can get out of hand if it continues, which is why Question 2D caps that number to prevent further growth for the next 2 years ????????
Do you have questions about the competing ballot measures? Contact me and I’d be glad to help!
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