Newry, a small town in Maine with a population of over 400, is facing challenges as property prices increase due to outside buyers investing in short-term rentals like Airbnb. The locals, proud of their town's charm and the nearby Sunday River Resort, express concern over the effect this is having on housing affordability. To address these issues, a public meeting is planned to discuss a 'Vacation Rental Ordinance' which aims to implement life safety standards, although it doesn't propose a ban on short-term rentals. Similar regulations have emerged in various cities nationwide as the short-term rental debate intensifies.
In just five years, home prices in Newry have surged significantly, prompting concerns among residents about affordability and the impact of short-term rentals.
The proposed 'Vacation Rental Ordinance' aims to establish life safety standards while addressing the growing concerns of local residents regarding short-term rentals.
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