By Mary Brophy-Moore
I find myself frustrated by the ballooning trend in the Adirondacks, including the Town of Webb, whereby local family homes in once stable neighborhoods are being bought up by out of towners looking to make a killing on short term rentals.
As a resident since 1986, I’ve watched the housing market move steadily upward in terms of new builds and values. In the early 2000’s, especially after 9-11, there was a strong uptick in neighborhood homes being bought by down-staters presumably to have a place to escape the cities and feel safe. That created “dark” spots in previously year-round neighborhoods. But locals at least knew who their neighbors were even if their presence was sporadic. A direct result of the demand was a significant increase in property values that led to the current housing crisis in which locals are unable to afford homes of their own and fewer quality long-term rental units are available.
STRs: Some food for thought
By Steve Hoepfl
I came to the (Webb) town board in 2018 after seeing a news story and interview with a local resident of Cooperstown on the STR law they passed. In the interview they said it was a good law that it would help keep their community a place where people could and wanted to live. Since then we have had several residents served eviction notices so properties could be used as STR and locals are being out bid by as much as $70,000 for a house and when the new owner takes it over they turn it into a STR. So that covers the could part of the interview and the want part is also coming about. I have talked with many people that are rethinking their plans on retiring and staying in Old Forge and one person is to the point that they put road cones on the property line when the houses next to them are rented.
Because they are tired of the guests parking in his yard.
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