I have a family member living in a condo in Seattle for decades. She had a nice place, a great central location to the city etc. over the many years, the city became more popular as a business as well as vacation travel destination. As a result, there was a greater need for short term rentals, i.e., hotel rooms. Enterprising families would use AirBnB as a way to gain a bit of income with little investment.
This was not lost on investors looking to expand their investment portfolios. So, gradually, an Australian investment group bought up condos as they became vacant and began using them as AirBnB rentals. From an investment point of view, it was great. From a neighbor point of view it sucked.
Now the elevators were constantly crowded and in use. The small lobby was frequently packed with luggage and tourists with little knowledge of English (or manners). There were other difficulties in sharing the condo with so many strangers, and even the security became an issue as more and more strangers were appearing at all hours.
This was happening in other parts of the city, so it became an "us versus them" political issue. There were few regulations which pertained to the situation, so condos with minimal oversight in the coop groups were slow to react. As well, some neighborhoods became active with loads of traffic and such.
The two sides were the families (and investors) wanting to have a bit of extra income and the other side were the residents wanting the status quo, or at least better management of the changes.
The city legislature was caught in the middle, wanting to allow more beds for the travellers and still protect the citizen (voters).
The classic rock and hard place.
Edited by Jawny, 07 January 2017 - 8:44 AM .