Please write our Mayor at: mayor@townofbreckenridge.com and let him know what your feelings are about the proposed cap on short term rentals. Such a cap WILL effect all our property values in a negative way. If enough of us contact him and express our concerns perhaps the Town Council will come to it's senses and not pass such a draconian measure.
Here's the story in today's Summit Daily news concerning this matter:
Breckenridge is looking to cap short term rentals but local vacation homeowners are concerned about how this could impact their property values.
Property owners have expressed understanding of the issue in residential areas, but many noted that there are areas and complexes in town designed to be high-density, short-term lodging for vacationers. In particular, owners along the Four O’Clock corridor fear the impact of licenses being nontransferable at sale.
Abby Epperson, a Realtor who owns a unit and lives full time at the Park Place Plaza condominiums on the corner of Four O’Clock Road and Park Avenue, said the town should consider exempting this corridor. While she lives in Breckenridge for most of the year, she short-term rents her home whenever she is away. She said the inability of a new owner to get a short-term rental license will decrease the value of all the properties at the base of the ski area.
“What the council is proposing is a serious, purposeful devaluation in our property prices,” Epperson said
