I was in real estate and development for many years in rural Arizona. I retired before the Airbnb laws went into effect but when it comes to housing policy, cost and consumption go hand in hand. A home is worth what someone will pay for that property. When you change/rezone the usage of that property the price changes. When a buyer purchases a home with a residential price tag and uses it for commercial purposes with no ability for the local jurisdiction to control that usage, I personally, have no idea how that can be effectively analyzed. Are the buyers going to live there full time or use it like a hotel? More to the point how do you know how many more houses to build when you don’t know the usage? Or the cost for that matter. Mortgage companies could help but those pesky cash offers throw in a monkey wrench. We definitely need workforce housing that’s affordable but what does that look like?
Just making sure we are not conflating our homelessness crisis with the housing inventory problem. One is an urgent responsibility of the people's government. The other is a manufactured boondoggle by the real estate and home building industries looking for a government handout.
I was in real estate and development for many years in rural Arizona. I retired before the Airbnb laws went into effect but when it comes to housing policy, cost and consumption go hand in hand. A home is worth what someone will pay for that property. When you change/rezone the usage of that property the price changes. When a buyer purchases a home with a residential price tag and uses it for commercial purposes with no ability for the local jurisdiction to control that usage, I personally, have no idea how that can be effectively analyzed. Are the buyers going to live there full time or use it like a hotel? More to the point how do you know how many more houses to build when you don’t know the usage? Or the cost for that matter. Mortgage companies could help but those pesky cash offers throw in a monkey wrench. We definitely need workforce housing that’s affordable but what does that look like?
Thanks for keeping an eye on this. Housing, like water, isn't sexy as an issue but it is critically important to the state's future.
Just making sure we are not conflating our homelessness crisis with the housing inventory problem. One is an urgent responsibility of the people's government. The other is a manufactured boondoggle by the real estate and home building industries looking for a government handout.
Speaking of housing, a very knowledgeable, Valley-based expert, has an excellent Substack site: See Kevin Erdmann. @kevinerdmann
The Roundtree v City of Page case concerned the initiative process, not referendum.