Impact of Short-Term Rentals on Housing in Northern Arizona
In the picturesque region of northern Arizona, a growing concern looms over the availability of affordable housing. Short-term rentals, while lucrative for property owners, have contributed to a significant reduction in housing options for long-term residents.
Local policymakers are urging state legislators to empower municipalities with the ability to regulate the proliferation of these short-term rental units. This call to action is largely driven by the experiences of cities like Williams, where Mayor Don Dent reports a troubling trend.
According to Mayor Dent, Williams has experienced a 15% decrease in its housing stock of 1,500 units over the past five years, directly attributable to the conversion of homes into short-term rentals. This shift not only affects availability but also drives up housing prices, making it increasingly difficult for low-income families to find affordable options.
For further details on this pressing issue, read the full story on KNAU.org →
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