Fixed itSeems like May-Nov in WY and the rest of the year in AZ is a decent plan
Fixed itSeems like May-Nov in WY and the rest of the year in AZ is a decent plan
I'm aware...I think it's vastly blown out of proportion personally.
STR properties make up barely over 1% of housing units in the state...most of which are in areas near the parks...Jackson and Cody being prime examples...Both have passed legislation on the matter. In Jackson my understanding is you cannot STR a property unless you are grandfathered in and were doing so prior to the legislation or you do so in their designated STR zones...and you can probably guess what those places cost. Cody passed ordinance stating you can not STR a property outside its designated STR zones unless it is an auxiliary structure on property on which you currently are a primary resident or on property directly adjacent to property where your primary residence is.
The driver for this was people buying up the "affordable" housing in town for STRs and pushing out the work force that supports the town...I get that, you can't have every Tom, Dick and Harry with the means buying up every modest home in and around town to flip into vacation homes, community residents and workers shouldn't have to move 20 miles outside of town to find a home they can afford working wages.
However...Complaining about someone renting their plush $1mil+ second home on a larger plot or even a few acres saying they are driving locals out of "affordable" housing isn't much of an argument. Your talking about 2 entirely different markets. There is also the valid questions of to what degree should the public really be able to limit what a person does with their property? Atvwhat point is Zoning and over reach? What's the difference between a tourist staying in a hotel or someone's second home?
Its a very multi-faceted issue that I don't have any great answers or true grasp on yet myself.
Long of it short, I'd prefere not to go that route, but if it makes sense for us financially and logistically for a couple/few years, I'd entertain it seriously.
Its a slippery slope. I get the stigma, but I see the property owner side too. It's a legitimate business and investment strategy....but it does require some regulation to avoid conflicts especially in higher demand areas. I stand by my blown out of proportion overall comment though. At under 2% of the housing and with regulation coming into place i don't think STR is quite the devil many feel it is. However as you said, if people feel that way regardless of its actual effect, if any, on them...it certainly could make for rubs between niegbors.Short term rentals in Jackson itself isn’t the issue, it’s the region. Big driver of home prices where most of the actual people live, which are also pushing people out of the area. Lots of towns in Wyoming where people hate short term rentals, not all centered on the parks. I bought a second place out of the area so I’d have a place to get away from Jackson some of the time. Plan was to short term rent, but it became clear pretty quick I wasn’t making any friends in my place to get away. I had every right to do it legally, but decided it wasn’t worth it.
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I'm not extremely up on this subject...are you talking about Sheehy or an episode of Yellowstone I haven't seen yet?Here is the plan for success.
Move into a family ranch community. Buy up a big ranch. Cover it with no hunting signs. Complain to the state that you need all kinds of concessions…..public roads closed, etc. complain that the elk and deer are eating all your crops. Sell off to an out of state outfitter. Make sure they offer luxury hunts!
Then shoot yourself and demand you not be arrested. Finally run for governor or senator with like 90% or more out of state funding.
Are you a Navy Seal? I hear that helps.
….oh wait, you said Wyoming not Montana. Well, it should work there too. The locals love to be told what they are doing wrong!
Many millionaires left Jackson decades ago, for Dubois, Pinedale, Cody, Sheridan and Lander. It simply made sense to sell out to the billionaires and build somewhere else.