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Housing Crisis Deepens as Short Term Rentals Spark Outrage

August 23, 2024 | Taos City, Taos County, New Mexico


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Housing Crisis Deepens as Short Term Rentals Spark Outrage
In a recent government meeting, community members voiced their concerns regarding the impact of short-term rentals (STRs) on the local housing crisis in Taos. The discussions highlighted a growing sentiment that the proliferation of STRs is exacerbating the already critical housing shortage, with residents calling for a reevaluation of current policies.

Diane Dow Talpa, a local resident, expressed her belief that Taos is in a recession, citing a 9.3% sales tax—the highest in the state—and a significant lack of affordable housing. She argued against increasing the cap on STR permits, stating that the current situation is driving long-time residents out of the community. Talpa shared her personal experience of struggling to find affordable housing, emphasizing that many locals are being forced to leave due to rising rents driven by short-term rental markets.

Melissa Lind, another resident, echoed these sentiments while also advocating for local ownership of STRs. She highlighted the challenges faced by working-class families in Taos, sharing her own journey of financial struggle despite having a college education. Lind urged the government to consider allowing locals to own multiple non-owner-occupied STRs, suggesting that increased local ownership could benefit the community economically.

Kurt Edelbrock, a local business owner, also weighed in, arguing that placing the burden of resolving the housing crisis on STRs is misguided. He emphasized the importance of STR income for many property owners who rely on it to meet mortgage obligations, particularly those who may not be present in town full-time.

The meeting underscored a critical dialogue about balancing the interests of short-term rental operators with the pressing need for affordable housing in Taos. As community members continue to advocate for changes, the local government faces the challenge of addressing these concerns while fostering a sustainable housing market.

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This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

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