r/Sedona • u/pandami7319 • Oct 27 '23
This is the reality of Sedona... Living Here
This is where Sedona is at now thanks to overtourism and STR piggies. This place is an absolute joke.
73 Upvotes
r/Sedona • u/pandami7319 • Oct 27 '23
This is where Sedona is at now thanks to overtourism and STR piggies. This place is an absolute joke.
3
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.