Short-term vacation rentals present risk
In response to the July 5th editorial supporting short-term vacation rentals (STVRs) in single-family dwellings in residential districts: The benefits as represented are true. They provide more lodging options, boost the local economy and help defray home ownership costs.
However, the disadvantages include: reduction in homes available for permanent residency; unfair competition to licensed, taxpaying B&Bs, motels, hotels, and country inns; risk to quality of life from rowdy guests; increase in the level of caution for neighbors because of "outsiders" in the neighborhood; reduced desirability and value of adjacent homes; likely need for increased police and emergency 911 services; possible animosity between an STVR guest and homeowners or their children; and need for a purchaser or renter to consider the existence or potential existence of nearby STVRs when choosing a home.
A key disadvantage is a reduction in home values and corresponding tax revenues. What happens if one appeals the assessed value of a home based upon any of the above? Even if these events were rare, how would a Board of Assessment Appeals justify not reducing the assessed value? A legitimate justification for a reduction could be simply the existence of an abutting STVR. If you were seeking to purchase or rent, would you be willing to pay the same amount for a home that abuts an STVR as you would for an identical home that does not ? If not, then short-term vacation rentals in single-family dwellings in residential districts should not be allowed.
Stories that may interest you
After four years of service I have resigned from the Board of Education. Following a cancer diagnosis this winter, I have been receiving treatment that will continue for eight months. After time away from meetings, I re-engaged in June, only to find that the divisive forces and toxic nature of...
Three cheers for The New London Day! I am profoundly grateful for the fine local coverage offered by The Day. Sensitive issues of racial bias, the local police, public health, and policies affecting local institutions have been given depth and sound editorial attention. A good local paper...
I read with interest Sten Spinella’s reporting of the rally held at Stonington Police Department on July 5, “Stonington rallies in support of hotel assault...
I am writing to commend The Day’s editorial board on their stance towards the State Employee Bargaining Agent Coalition (SEBAC) negotiated raises that went into effect for Connecticut state workers July 1. As a grocery store employee, my co-workers and I have been working hard on the...