Good for them.
If the STR industry would build their own buildings there would be far less of a problem. But instead they insist on glomming on to the stock of available housing formerly used by actual residents.
After a battle royal, my town capped it at 200 STR units for now, about 2% of available housing here. Every one of them was previously a rental or live-in home – not a single unit was purpose built. Every one operating in a residential neighborhood was there illegally.
By far the largest supporter of ‘more’ STRs was the real estate industry. They did not quite prevail, fortunately. But there are still twice as many STRs available as rentals or sales listed on Zillow. Housing prices are astronomical, there is almost nothing affordable available, social media has new housing pleas every day. Barcelona has tried it and installed an exit ramp – hope they stick to their guns, there is a lot of money in play.
