STATE LAW ENABLED COMMERCIAL AIRBNB INVESTORS TO TAKE OVER COMMUNITIES

ABC 15 – ARIZONA: “Arizona’s state legislation blocked local governments from regulating short term rentals. The bill also allowed investors to buy homes and property and turn them into short term rental properties. In Sedona, 30 percent of homes are now shortterm rental. Nearly 70 percent of short-term rentals are owned by LLC’s or people who do not live in Sedona. Sedona relies on long term rental housing for people who work there.” Read More.

CHAMBER OF COMMERCE PRESIDENT SAID VACATION RENTAL BILL HURT SMALL BUSINESS

“Chamber officials reported receiving complaints from business owners fearing the lack of availability of affordable housing is driving away workers. Like the city officials, Sedona Chamber of Commerce President and CEO Jennifer Wesselhoff said early last year that her concern is not only affordable housing but potential impacts on visitor capacity. ‘Affordable housing is already in limited supply and I believe this law virtually eliminates Sedona’s chance to mitigate this issue.’” Read More.

ARIZONA’S REPUBLICAN-CONTROLLED LEGISLATURE NOW SCRAMBLING TO FIX

“We never anticipated that somebody would go into a neighborhood purchase a home and turn it into a mini-hotel.”
– Rep. Bob Thorpe, R-Flagstaff
Arizona Republic, 3/8/19

“People are coming in buying up property and turning them into
party houses. Party houses are destroying neighborhoods.”
– Rep. Jay Lawrence, R-Scottsdale
Arizona Republic, 3/8/19

“I’m a conservative. I’m big on property rights. But if I’m next to
one of these houses, I’ve got property rights, too.”
– John Kavanagh, R-Fountain Hills
Arizona Republic, 3/28/19