To the editor: Journalist Jack Flemming's article on the limit on short-term rentals in Palm Springs represents more the point of view of a Palm Springs real estate agent or short-term rental marketer, and only momentarily the point of view of a Palm Springs resident. full time.
From my home, a short distance from the airport, I can see and sometimes hear evidence of four short-term rental houses. My house is on the edge of two of the city's 31 established neighborhoods: one hot and one not so hot, one expensive to buy and the other that's now starting to rise in cost.
The rapid rise in short-term rentals from 2015 to now created a bubble market that spurred corporate acquisition of properties. These companies capitalized on the limited number of existing homes, making the construction of new homes imperative.
As a long-time, full-time resident of Palm Springs, I have welcomed the perception of rising home values, but I also welcome limits on allowable rents to control rampant speculation by corporate buyers.
Thomas Kohn, Palm Springs
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To the editor: I read with interest your article about the decline in property values in Palm Springs as a result of the limit on short-term rentals. I was surprised by the tone of the article.
Was I supposed to feel bad for rich investors? Because who else could afford to buy rentals?
A law that addresses the issue of affordable housing deserves praise. Bravo to Palm Springs.
Pearl Wayne, Westlake Village
