14
Short-term rentals come under Tourism Commission scrutiny, with Council action expected this year
(www.austinmonitor.com)
this post was submitted on 12 Jan 2024
14 points (100.0% liked)
Austin Texas Community
1021 readers
1 users here now
Austin Community news, resources, chat, and memes Currently there are not smaller communities like classifieds or jobs like there was on Reddit, feel free to create any related communities and send me a message, I can link them here in the sidebar. For now, let’s feel free to post any content, as long as it’s related to Austin or Texas in general.
Rules
- Be kind.
- No spam or gofundme type requests.
- No racist or other prejudices allowed.
If you see these please report them.
Currently we only have two mods, if you see something, please report the post using the three dots menu.
If you would like to help moderate, please contact me: https://lemmy.world/u/netburnr or on Matrix https://matrix.to/#/@netburnr:matrix.org
Related Communities
[email protected] [email protected] [email protected] [email protected]
Austin Discord - run by hopexx
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I’ve been saying for years we should have a “residence for residents” initiative that would include an escalating premium on property taxes for vacant properties where “vacant” means “occupied fewer than 183 days a year.”
It would make the short-term rental market much less profitable, especially after the property tax is 15% three years in. It would make holding residential property vacant (a tactic by hedge funds to drive up rent values) unsustainable. It would also make having a pied-a-terre in Austin less attractive for the ultra-rich.