A town's creative way for homeowners to tap into the short-term rental market could be a blueprint for others
Boulder will lift its ban on most Airbnbs during Sundance, a potential way to benefit from rentals without swallowing up housing supply.
Boulder is embracing short-term rentals on a limited basis, implementing a temporary ban on most Airbnbs. Permanent residents can rent out their homes for a four-week period during January and February, coinciding with The Sundance Film Festival. The city has taken the lead from Park City, which will host the iconic event for the next decade.
With over 100,000 visitors expected and only 3,000 hotel rooms available, local authorities needed innovative solutions. Residents hope to attract film enthusiasts to their homes, potentially offsetting some mortgage payments. However, some have set lofty expectations, aiming for five-figure stays, despite their homes not necessarily meeting the criteria. Boulder's approach aims to benefit residents without depleting the housing supply.
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