The council members own large interests in rentals. This is simply criminals protecting their own turf.
I wonder who bought off the councilmen.
Austin is a classic example of how Liberal leaders love to control things.
They have also banned Uber.
This is a city with a huge population of young Liberals that love their technology and really want Uber.
God help someone if they lose a job or can’t find one in this crashing economy.
They’ll find lots of unsympathetic folks.
After all, the economy is just fine. Ask Obama.
Short term rentals can be a problem. Renters go wild, leave litter & bottles, urinate, vandalize, and steal.
Read the small print. most Condos won’t allow sub-letting.
A condo is NEVER your own property.
My mom lived in a condo and when she remarried, tried to sell it during the Obama Depression.
When she found the value had declined to well below what she bought it for, she decided to rent it out.
The Bylaws stated that only four of the 80+ units could be rentals. That was a great idea in the late ‘80’s when the bylaws were written.
Since then, the average age of the owners was far older, even elderly and the economy shrank. So, if an older tenant died, their heirs were faced with offloading an asset below market value, moving into it or leaving it empty to rot.
The mental midgets on the board (She was impeached from the board for her malfeasance) couldn’t get it through their skulls that an empty building deteriorates quickly and that people who owned homes weren’t interested in moving into Mom’s 2 bedroom condo.
So, they sued her.
She ended up offloading the place.
Insane, petty, small minded communist wannabees on the board.
The Takoma Park of Texas.