The virtual hotel Airbnb is a website that lists rooms for rent all over the world. You can rent out your room to a stranger for a couple nights to make some cash. If you like meeting new people and you don’t have personal space issues, you can find a similar setup during your own travels.
However, the state of New York Attorney General is trying to shut down short-term room rentals because some are upset at the lost hotel tax revenue which cannot be collected from these low-cost and low-ammenity “hotel rooms.” But the city of Portland, Oregon is taking a different approach. Rather than strike down the movement to save the status quo, they would set up a framework to support the new “shared economy,” essentially creating a path to legality for the creative businesses that already exist.
The Oregonian reports that the city is looking to establish appropriate taxes and permitting requirements to allow homeowner occupied residences to operate as part-time hotels on the real market rather than a black market.
Most of the angst in New York and elsewhere seems to be with the short-term rental of apartments rather than single family homes, or with those who rent rooms in houses where they do not themselves live. Rules against subletting are fairly common for any kind of rental and homeowners associations and property management companies frequently decide for themselves that they don’t want to participate in this sort of thing.
But any homeowner should have the right to invite whomever he wishes into his own home, even to stay awhile – and why not charge those who are willing to pay? Yes, I know we have the neighbors to consider, so I’m not about to suppose a regulatory desert. But New York is going about it all wrong. Their opposition to sharing is driving up costs and challenging innovation.
Portland, with it’s increasing love for really tiny living spaces, has shown that it also has an affinity for really tiny hotels, (and really tiny food carts). If your spare room is just collecting dust, start collecting dollars instead.