Mar 25, 2020
Today we are getting an update on developments with short-term Rentals from Pam O’Dell, Executive Director of the Short Term Rental Owners Association of Georgia. The legislature is in session and there are interesting developments.
Government involvement and interference with real estate development is nothing new. You don’t have to look far to find examples of higher prices and slower development because of bureaucratic overreach, fees, processes, and delays. I can give you many examples, but here is one: Government rent-controls end up costing landlords so much they are actually better off leaving a house vacant while waiting for price appreciation to allow them to sell. This leads to quite a bit of vacant properties in places like California. In a few minutes I’m going to share with you the state’s response to this problem. You will love this I’m sure.
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