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New Worry for Home Buyers: A Party House Next Door -NYTimes.com Page 3 of 8
<br /> � problem properties?And if so, ���11at might happen to home values ��hen re��elers
<br /> can bunlc up next door on an�- gieen night?
<br /> These ai�e not ne���questions. In resort areas in particular, people have been renting
<br /> out investment properties for ages. What's ne���is how easy it has beconze for
<br /> people to inalce money by listing roonis oi• homes and for�-isitors to save money by
<br /> sta�-ing there. Tliis is particularl��true in good-time destinations lilce Austin,
<br /> Nashville, Ne��� Orleans and other biggei• cities.
<br /> When Austin tried to bring some oi�der to the proceedings three years ago, it
<br /> liinited the nuinber of unrelated people���ho could stay in one place at one time to
<br /> six. (It also capped tl�e number of cei•tain listings in man�-neighborhoods, albeit
<br /> ��-ith a ]oophole tlzat has allo�ved man�� unregistered properties to 11it tl�e market.)
<br /> Nevertheless, listings began appearing all over the cit�� advertising beds for lo or 15
<br /> people, oi�more. Austin has become a uopular bache]or ��art�� destination, and the
<br /> ���eUsii.e Tl�i•illist. drsci��bed une Aii•bnb lisiin� as "the perfect place to bed do��n for
<br /> a bonkers bacheloi• party, as it's a short bike ride from doti-nto���i,just the right
<br /> blend of�n�eird &huge, and not at all unaccustomed to ro���dy entertainment."
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<br /> http://mobile.nytimes.com/2015/10/10/your-money/new-worry-for-home-buyers-a-party-... 10/12/2015
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