Brief-term leases aren’t the large offender in Maine’s housing disaster

Some Maine cities and cities have zeroed in on short-term leases in the course of the housing disaster, however a research launched this week discovered that they don’t usually compete with houses available on the market besides in populated areas and tourism locations.

Seasonal houses have remained regular at about one-sixth of Maine’s housing inventory since 2000 even after the rise of on-line platforms like Airbnb, in line with a report launched by Gov. Janet Mills’ administration workplace and MaineHousing this week. It mentioned the overwhelming majority of these houses wouldn’t be viable as year-round housing as a consequence of their dimension, price or designs.

It’s a reminder that general provide stays the largest issue within the state’s affordability disaster. Analysis revealed within the Harvard Enterprise Evaluate has discovered that the proliferation of short-term leases raises hire costs in city areas however that limiting them may also stunt general growth in communities.