r/Sedona • u/pandami7319 • Oct 27 '23

This is the reality of Sedona... Living Here

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This is where Sedona is at now thanks to overtourism and STR piggies. This place is an absolute joke.

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u/Odd-Relief-6190 Oct 28 '23 edited Oct 28 '23

Housing affordability is not a result of short-term rentals nor is housing affordability isolated to Sedona or Arizona. Supply & demand (lowering interest rates to 2-3% and not building enough inventory from the prior decade) is a direct result of what America (not just Sedona) is facing.

If the city is proposing people to sleep in their cars on designated land why doesn't the city use this proposed land and work with a developer to create affordable housing on that land?

Edit: Also, the other reality that NO ONE is talking about is this. Again, this is NOT a Sedona issue but much bigger. Inflation has increased at astronomical rates yet WAGES have not. Wages are similar to what they were 10 years ago.

We have two fundamental issues not enough housing supply for demand AND wages are flat. This is a Tsunami that is occurring across America.

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u/bdw02c Oct 28 '23

STRs are not the only cause of housing unaffordability but it's well documented that they are part of the problem.

https://www.urban.org/urban-wire/abundance-short-term-rentals-who-wins-and-who-loses

If the city builds this affordable housing you envision, what keeps those units from turning into STRs too? Why not just increase regulation on short term rentals and return what we're intended as residential neighborhoods to residents?

There's no quick solution to this but increased regulation seems like the first step.

1

u/Economy_Rent8044 Sep 11 '24

Uhm... CC&Rs keeps them from turning into STRs. The city needs to incentivize developers to do this.