Having Grand County regulate rentals will lower home values | SkyHiNews.com

Having Grand County regulate rentals will lower home values

To the Editor:

I just wanted to comment that I think it’s a shame that a few homeowners are having gripes with a vacation rental in their neighborhood and feel that this issue should be regulated by Grand County. Restrictions on vacation rentals for single family homes should be dealt with in individual subdivisions and their HOAs and not the County. The only exception where I would see the County being involved in an issue such as this would be for locals-only housing.

This area depends on vacationers and to limit the available properties would not help bring people up to visit our area. If you live here and don’t appreciate the fact that tourists visit your neighborhood, then you should move to Denver to guarantee that no tourists will ever visit your subdivision.

Additionally, I would like to add that I purchased a condo in another Town in Eagle County where the HOA specifically restricts rental terms less than 6 months, and consequently have a property value nearly half of an equal condo on the same block that allows vacation rentals. So to say that vacation rentals lower your property value definitely does not seem true to me. If anything it would seem that you would be cutting off potential value to your own property.

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Phillip Martin


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