“Most people who advertise Boston homes on the online rental website Airbnb list a single property, but 15 percent of the users have posted multiple listings, highlighting concerns that the sites are being used to run substantial lodging businesses are being operated while avoiding regulation and taxes.”
Totally agree, we need a level playing field. Especially given some investors are buying property for the sole purpose of renting on AirBnB. This was recently documented in a Boston Globe article.
Investor owned properties rented on weekly bases drive up the cost of housing for everyone, eliminates affordable housing opportunities and hurts our hotel business. All the while, denying communities hotel romm taxes.
HYANNIS — The dean of the Ricciardi College of Business at Bridgewater State University addressed the Barnstable Economic Development Commission on Tuesday afternoon and the message was a familiar one – the Cape’s current economy is not sustainable and is in dire need of a makeover.Dr. Elmore Alexander, in a presentation titled “Economic Development Challenges for Cape Cod,” said the region is facing a “perfect storm” of economic conditions, and not in a good way.
As we work on new mixed use areas, the concepts in this article are important to remember.
From Wicked Local Dennis: Fish and burritos meet in Dennis.
Stop by and welcome this new business venture to West Dennis. As the village crawls back from the recent economic recession it is great to have new people jumping in to lead the re-emergence of West Dennis as one of our economic hubs. Let’s give Bill and all our local restaurants a big boost and visit our local entrepreneurs for dinner!
Oh, and tell your friends in the surrounding communities to come to Dennis to eat and shop since they can find it all here and avoid the mall traffic!