LowT Gimenez actions hurt Miami Taxpayers & locals!

Miami Herald:

Why Airbnb is making it harder for Miami locals to find a place to rent

Highlights and excerpts:

The problem for locals: More houses, apartments and condos available on home-sharing platforms translates into fewer options for those who live here full time. As Miami-Dade faces a crisis in housing affordability with a 130,000-unit deficit, as many as 13,500 existing units in good condition sit unavailable to the people who need them.

Neither local governments nor Airbnb track the number of Airbnbs rented by people who actually live in the unit and only make it available when they’re away, leaving regulators and the public blind to a surging corner of the hospitality industry. 

But data scraped from Airbnb offers a hint: According to BNBVestor, more than two-thirds of entire home listings on Airbnb in Miami-Dade are managed by hosts with more than one property on the site. 

European cities are more attuned to the impact. This month, 10 European cities sent a letter to the European Union demanding more help in pushing back against Airbnbs.
“European cities believe that homes should be used first and foremost for living in,” the letter said. “Many cities suffer from a serious housing shortage. Where homes can be used more lucratively for renting out to tourists, they disappear from the traditional housing market, prices are driven up even further and housing of citizens who live and work in our cities is hampered.”

Read more here: https://www.miamiherald.com/news/business/tourism-cruises/article231476068.html#storylink=cpy


The data highlights how ineffective some Miami municipalities have been in regulating short-term rentals and enforcing their existing laws. 

Case in point: Short-term rentals in Coral Gables are illegal in all residential areas, encompassing 76 percent of the city, yet hundreds of entire Gables homes are available on Airbnb. 

Like many other local municipalities, the City of Miami does not track the number of short-term rentals in its limits or require owners to register. Currently around 7,000 entire homes in the City of Miami are listed on Airbnb, more than in any other Miami-Dade municipality, according to BNBVestor.

In the 33127 ZIP code that includes parts of Little Haiti, Wynwood, Model City and Edgewater, the median household income for the 32,000 locals who live in the neighborhood is about $30,000, well below the county median of $50,000. Nearly one-third of those employed work in the service industry. Tenants in 60 percent of the rental units in the neighborhood are spending more than 35 percent of their income on rent. There are around 11,000 housing units in the ZIP code, according to the U.S. Census.

Read more here: https://www.miamiherald.com/news/business/tourism-cruises/article231476068.html#storylink=cpy
READ the FULL story: https://www.miamiherald.com/news/business/tourism-cruises/article231476068.html
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