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New Worry for Home Buyers: A Party House Next Door -NYTimes.com Page 5 of 8
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<br /> :�`�.`�A PANICM—LINS�4AN FOR THF NE1N YORI<TIMES
<br /> '1'he neighbors�n�ould prefer that the cit}�simpl�� cap guests at six people — or,
<br /> hetter}�et, stop allo���ing ���hat they describe as i•ogue hotels to operate in residentia]
<br /> �leighboi•hoods. (They have no problem ���th people renting out their entire homes
<br /> occasionall}� or renting rooms more frequently, �vhile the o��rners themselves are in
<br /> �•esidence.)
<br /> :�t HomeA��-ay, �vhich is based in Austin and also o���s Vrbo.com, executives did
<br /> not��Tant a ban and said that renting out one's home on a short-tei�m Uasis���as a
<br /> fundamental right. Nor do they think that it is a commercial acti��ity. "It's a
<br /> i�esidential use of the propert��," said Matt Curtis, who runs its go��ernmental
<br /> relations efforts. "It's no more a business than someone renting it out long-term
<br /> ��-ould be a business."
<br /> 1?�-en if no one, in this instance, is doing any actual residing? HomeAway's
<br /> contention is that the��isitors coming for the weekend are the residents in this
<br /> context.
<br /> '�1r. Cui�tis questioned ho�v���despread the proUlem ��-as. Airbnb pro��ided some
<br /> statistics about its customers, noting that from Oct. 1, 2014, to Oct. 1 this��ear, 8�
<br /> }�crc��nt �>f�tri��s t<�Austin im-��l��ec� fo��i• o�•fc��er ��co��lc ��nd �� l���rcc nt im t�l�c�d
<br /> http://mobile.nytimes.co�n/2015/10/10/your-mone}�/ne���-wori-y-for-l7ome-buyers-a-party-... 10/12/2015
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