Originally Posted by
summit
Here is what I mean by insatiable demand: if you put units for sale, a local buyer is competing against a market of buys that isn't local, it is the state, the country, the planet.
For rentals, for every local worker that wants to rent a 1BR at $1700/mo, there are 3 remote workers and 3 front rangers who will pay $2300 or more to only LTR but use it on the weekends and pow days, and even more visitors who will pay $300+ per night to STR, more on the holidays. That is the market mechanics. That is why all the building up here hasn't solved the housing problem and why the local government has turned to deed restriction as the solution.
This new law doesn't allow a requirement for deed restriction to ensure housing is for local workers.
Now back to the ADU. If it takes $2000+/mo for an owner to cashflow a 1BR ADU build, guess what the ADU gets used for?