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HomeMy WebLinkAbout04-17-23 Public Comment - K. Smith - Short Term Rentals Christopher Coburn 121 N Rouse Ave. Bozeman, MT 59715 Kalin Smith Gallatin High School % Ms. Warn 4455 Annie St. Bozeman MT, 59718 Dear Mr. Coburn, I am a high school student and a resident of Bozeman. I was born and raised here, and I've witnessed Bozeman's growth over the years. It's a well-known fact that the housing market is, and has been, one of the most concerning issues for Bozeman. The issue has developed from many different matters, such as affordability, lot sizes, and a shortage of available housing. However, one lesser-viewed but still significant factor is the number of short-term rentals in Gallatin Valley. There are around 2524 short-term rentals within Gallatin Country, and according to Renata Munfrada, Bozeman's community housing program coordinator, there are currently 163 registered short-term rentals in Bozeman's City Limits. The short-term rental market in Bozeman has risen in popularity, as the town is a popular tourist destination. Of course, tourists are important to the economy of Bozeman, but having homes sit empty for certain parts of the year is a problem for the locals. With houses specifically for tourists to stay temporarily, it leaves a potential home for locals vacant and unused. With some regulations placed, Bozeman could balance the vacancy, while still holding onto our tourism market. One idea is regulation around how often a short-term rental can be vacant. By enforcing a law where short-term rentals can only sit empty for a certain period of time before being unregistered, the number of empty rentals may decrease and overall help the lack of available homes for locals. I do not believe short-term rentals should be completely banned within city limits, but I believe that restrictions should be enforced to keep them under control. Of course, short-term rentals are not the major factor contributing to Bozeman's housing crisis, but I believe that it is often overlooked. While addressing it will not solve the crisis directly, it may have a slight effect, and help Bozeman's housing move in a more reasonable and efficient direction. Sincerely, V� Kalin